SEC FORM 4

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^*

HARRIS ROY C

(Last)

(First)

(Middle)

9358 GROVE HOLLOW LANE

(Street)

GERMANTOWN

38139

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AZTEC EQUITIES CORP [ MLI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP and CIO

3. Date of Earliest Transaction (Month/Day/Year)
02/22/2006

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/22/2006		M		14,253	A	$15.02	29,297	D
Common Stock	02/22/2006		M		8,870	A	$14.074	38,167	D
Common Stock	02/22/2006		M		12,592	A	$22.09	50,759	D
Common Stock	02/22/2006		M		8,681	A	$20.718	59,440	D
Common Stock	02/22/2006		F		1,679	D	$30.695	57,761	D
Common Stock	02/22/2006		S		34,600	D	$30.3747	23,161	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$15.02	02/22/2006		M			14,253	⁽¹⁾	11/13/2007	Common Stock	14,253	$0	0	D
Employee Stock Option (Right to Buy)	$14.074	02/22/2006		M			8,870	⁽²⁾	10/29/1998	Common Stock	8,870	$0	0	D
Employee Stock Option (Right to Buy)	$22.09	02/22/2006		M			12,592	⁽³⁾	12/13/2009	Common Stock	12,592	$0	6,859	D
Employee Stock Option (Right to Buy)	$20.718	02/22/2006		M			8,681	⁽⁴⁾	02/10/2014	Common Stock	8,681	$0	14,005	D

Explanation of Responses:

1. Exercisable: 2,101 on 11/13/1998; 2,815 on 11/13/1999; 3,112 on 11/13/2000; 3,112 on 11/13/2001; and 3113 on 11/13/2002.

2. Exercisable: 716 on 10/29/2000; 1,929 on 10/29/2001; 3,112 on 10/29/2002; and 3,113 on 10/29/2003.

3. Exercisable: 3,890 on 12/13/2000; 3,890 on 12/13/2001; 3,464 on 12/13/2002; and 1,348 on 12/13/2003.

4. Exercisable: 4,668 on 2/10/2005 and 4,013 on 2/10/2006.

	/s/ Roy C. Harris	02/23/2006
	** 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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