SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FLECHNER STEPHEN E
(Last) (First) (Middle)
900 IDS CENTER
80 SOUTH EIGHTH STREET
(Street)
MINNEAPOLIS MN 55402
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Standard Gold [ SDGR.OB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $.001 06/06/2011 X 10,000 A $0.51 10,000 D
Common stock, par value $.001 06/20/2011 S 3,000 D $1.2115 7,000 D
Common stock, par value $.001 06/21/2011 S 1,000 D $1.1196 6,000 D
Common stock, par value $.001 06/22/2011 S 1,000 D $1.1346 5,000 D
Common stock, par value $.001 06/24/2011 S 900 D $1.1207 4,100 D
Common stock, par value $.001 06/27/2011 S 3,000 D $1.1982 1,100 D
Common stock, par value $.001 06/28/2011 S 1,100 D $1.2269 0 D
Common stock, par value $.001 06/30/2011 X 20,000 A $0.51 20,000 D
Common stock, par value $.001 07/21/2011 S 2,000 D $1.0898 18,000 D
Common stock, par value $.001 07/22/2011 S 2,000 D $1.0898 16,000 D
Common stock, par value $.001 11/23/2011 S 2,000 D $0.5598 14,000 D
Common stock, par value $.001 12/13/2011 S 2,000 D $0.6598 12,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy)(1) $0.9 03/15/2011 A 800,000 03/15/2011 05/18/2014 Common stock, par value $.001 800,000 $0 800,000 D
Stock Option (right to buy)(2) $0.51 03/15/2011 A 750,000 03/15/2011 05/18/2014 Common stock, par value $.001 750,000 $0 1,550,000 D
Stock Option (right to buy) $0.51 06/06/2011 X 10,000 03/15/2011 05/18/2014 Common stock, par value $.001 10,000 $0 1,540,000 D
Stock Option (right to buy) $0.51 06/30/2011 X 20,000 03/15/2011 05/18/2014 Common stock, par value $.001 20,000 $0 1,520,000 D
Explanation of Responses:
1. 266,667 shares vest on each of April 1, 2010 and April 1, 2011 and 266,666 shares vest on April 1, 2012. On March 15, 2011, this stock option was amended to accelerate the vesting of all 800,000 shares on March 15, 2011. On June 1, 2011, this stock option was further amended to extend the expiration date of the stock option to May 18, 2014.
2. 62,500 shares vest quarterly on each of January 21, 2011, April 1, 2011, July 1, 2011, October 1, 2011, January 1, 2012, April 1, 2012, July 1, 2012, October 1, 2012, January 1, 2013, April 1, 2013, July 1, 2013, and October 1, 2013.This stock option was amended on March 15, 2011 to accelerate the vesting of all 750,000 shares on March 15, 2011. This stock option was further amended on June 1, 2011 to extend the expiration date of the stock option to May 18, 2014.
Remarks:
The Reporting Person resigned as President of Standard Gold, effective May 19, 2011.
/s/Stephen E. Flechner 04/30/2012
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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