X0202 4 2006-06-30 0 0001071760 ULTRASTRIP SYSTEMS INC USTP 0001158309 MCGUIRE DENNIS E 3515 SE LIONEL TERRACE STUART FL 34997 0 1 1 0 President and CEO 0001158310 MCGUIRE JACQUELINE K 3515 SE LIONEL TERRACE STUART FL 34997 0 1 1 0 Senior VP of Adm. & Secretary Common Stock 2006-06-30 4 G 0 863814 0 D 90000 I by wife Common Stock 3000000 D Mr. McGuire previously owned the 863,814 shares with his wife, Jacqueline McGuire. Mr. McGuire transferred the shares to her and filed a Form 4 on June 16, 2006. This Form 4 is filed because Mrs. McGuire subsequently transferred the shares for estate planning purposes to a grantor retained annuity trust. Mr. McGuire disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. McGuire is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. He is filing this report as required by the rules of the Securities and Exchange Commission. These shares are owned directly by Jacqueline McGuire. These shares are owned jointly by Dennis McGuire and Jacqueline McGuire. /s/ Dennis McGuire 2006-07-05 /s/ Jacqueline McGuire 2006-07-05