Sec Form 13D Filing - SCOTT RICHARD L filing for AMTECH SYSTEMS INC (ASYS) - 2011-01-31

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 6)

AMTECH SYSTEMS, INC.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
032332-50-4
(CUSIP Number)
David W. Stempel, Esq.
Bradley Arant Boult Cummings LLP
1600 Division Street, Suite 700
Nashville, Tennessee 37203
(615) 252-4632
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 27, 2011
(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box o.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 
 

 

                     
CUSIP No.
  
032332-50-4 
 SCHEDULE 13D    

 

           
1.   NAMES OF REPORTING PERSONS:

Richard L. Scott

IRS Identification Nos. of above persons (entities only):
     
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

N/A
  (a)   o 
  (b)   o 
     
3.   SEC USE ONLY
   
   
     
4.   SOURCE OF FUNDS:
   
  PF
     
5.   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
   
  o
     
6.   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  7.   SOLE VOTING POWER:
     
NUMBER OF   438,250
       
SHARES 8.   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   -0-
       
EACH 9.   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   438,250
       
  10.   SHARED DISPOSITIVE POWER:
     
    -0-
     
11.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  438,250
     
12.   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
   
  o
     
13.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  4.8%
     
14.   TYPE OF REPORTING PERSON:
   
  IN

- -1-

 

This Amendment No. 6 amends the Schedule 13D filed by Richard L. Scott (“Reporting P erson”) on July 28, 2008, as amended on September 30, 2008, February 20, 2009, September 8, 2010, September 8, 2010, and September 28, 2010 (the “Schedule 13D”), with respect to shares of the Common Stock, $.01 par value (“Common Stock”), of Amtech Systems, Inc., an Arizona corporation (the “Issuer”). Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Schedule 13D.
The following Items are hereby amended and restated in their entirety to read as follows:
Item 5. Interest in Securities of the Issuer
The 438,250 shares of Common Stock represent 4.8% of the outstanding Common Stock of the Issuer, based on the outstanding shares of Issuer Common Stock set forth on the Issuer’s most recent Form 10K.
The Reporting Person has sole voting and dispositive power with respect to the Common Stock.
The Reporting Person sold the following shares of Common Stock of the Issuer in open market transactions during the past 60 days:
                 
Sale Date   No. of Shares   Price Per Share
 
                
12/7/2010
     6,500     $ 25.3590  
1/11/2011
     10,000     $ 28.2517  
1/12/2011
     32,400     $ 29.1806  
1/13/2011
     5,000     $ 29.1591  
1/27/2011
     25,000     $ 26.6975  
1/28/2011
     2,400     $ 27.2688  
The Common Stock sold in the transactions was sold by two trusts and one partnership, all of which are controlled by the Reporting Person.
The Reporting Person ceased to be the beneficial owner of more than five percent of the Common Stock on January 27, 2011.

-2-

 

Signature
     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
     
DATED: January 31, 2011  /s/ Richard L. Scott    
  Richard L. Scott   
     
 

-3-