X0201 4 2004-04-13 0 0000799097 SAN HOLDINGS INC SANZ 0001251669 PHELAN MICHAEL J SAN HOLDINGS INC. 900 W. CASTLETON RD. CASTLE ROCK CO 80109 1 1 0 0 President & COO Common Stock 2004-04-13 4 C 0 935091 A 1435091 D Series B Convertible Preferred Stock 2004-04-13 4 C 0 18.701 D Common Stock 935091 0 D Each share of Series B Convertible Preferred Stock beneficially owned by Mr. Phelan was automatically converted into 50,000 fully-paid and nonassesable shares of Common Stock immediately upon the effectiveness of an amendment to the Issuer's Articles of Incorporation which had the effect of increasing the number of shares of Common Stock that the Issuer is authorized to issue to a number sufficient to provide for the issuance of shares of Common Stock upon conversion of all of the then outstanding shares of Series B Convertible Preferred Stock. Such amendment was effective on April 13, 2004. Owned jointly with spouse. Michael J. Phelan 2004-04-20