X0306 4/A 2012-06-25 2012-06-26 1 0001307579 LIQTECH INTERNATIONAL INC LIQT 0001503199 Nemelka David Nephi Jr. 2662 STONEBURY LOOP RD. SPRINGVILLE UT 84663 0 0 0 1 Former 10% Owner Common Stock, $0.001 Par 2012-06-25 4 S 0 2010800 1.75 D 935617 D Common Stock, $0.001 Par 78000 I By McKinley Capital, Inc. Common Stock, $0.001 Par 40500 I By McKinley Enterprises Inc. Profit Sharing Plan Common Stock, $0.001 Par 391500 I By McKinley Capital Inc. Roth 401(k) Plan Common Stock, $0.001 Par 75000 I By Tradeco Corp. Common Stock Purchase Warrant 1.5 2012-06-25 4 S 0 175000 0.25 D 2011-08-24 2016-12-31 Common Stock, $0.001 Par 175000 960000 D The transaction involved the sale of 1,885,800 shares at a price of $1.75 per share and the transfer of 125,000 shares to a broker-dealer as payment of transaction fees. These securities are owned by McKinley Capital, Inc., a Utah corporation controlled by the reporting person. These securities are owned by the Profit Sharing Plan of McKinley Enterprises Inc., a Utah corporation controlled by the reporting person. These securites are owned by the Roth 401(k) Plan of McKinley Capital, Inc., a Utah corporation controlled by the reporting person. These securities are held by Tradeco Corp., a Utah corporation controlled by the reporting person. The transaction involved the sale of 175,000 warrants, each entitling the holder to purchase one share of Issuer's common stock at an exercise price of $1.50 per share, at a sales price of $0.25 per warrant. The original Form 4 filed on June 26, 2012 is amended to check the box indicating that following the reported transactions the reporting person was no longer a 10% owner and was no longer subject to Section 16. /s/ David N. Nemelka 2012-09-25