ALT5 Sigma Corp — Major Shareholding Notification 2005

Aug 11, 2005

SC 13D/A 1 a05-14706_1sc13da.htm SC 13D/A

| UNITED
STATES |
| --- |
| SECURITIES
AND EXCHANGE COMMISSION |
| Washington,
D.C. 20549 |
| SCHEDULE 13D/A |

Under the Securities Exchange Act of 1934 (Amendment No. 3)*

*Appliance Recycling Centers of America, Inc.*

(Name of Issuer)

*Common Stock, no par value*

(Title of Class of Securities)

*03814F 20 5*

(CUSIP Number)

*Richard D. McNeil Lindquist & Vennum P.L.L.P. 4200 IDS Center 80 South Eighth Street Minneapolis, MN 55402 Tel: 612-371-3266 Fax: 612-371-3207*

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

*August 9, 2005*

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-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 §240.13d-7 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 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 (however, see the Notes).

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| CUSIP
No. 03814F
20 5 — 1. | Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) Medallion Capital, Inc. | |
| --- | --- | --- |
| 2. | Check
the Appropriate Box if a Member of a Group (See Instructions) | |
| | (a) | o |
| | (b) | o |
| 3. | SEC
Use Only | |
| 4. | Source
of Funds (See Instructions) OO | |
| 5. | Check if Disclosure of Legal Proceedings Is
Required Pursuant to Items 2(d) or 2(e) o | |
| 6. | Citizenship or Place of Organization State of Minnesota, Country of United States | |
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole
Voting Power 590,000 |
| | 8. | Shared
Voting Power |
| | 9. | Sole
Dispositive Power 590,000 |
| | 10. | Shared Dispositive Power |
| 11. | Aggregate
Amount Beneficially Owned by Each Reporting Person 590,000 | |
| 12. | Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) o | |
| 13. | Percent
of Class Represented by Amount in Row (11) 14.2% | |
| 14. | Type of Reporting Person
(See Instructions) IV | |

2

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Item 1.	Security and Issuer
	(a) Title
of Class of Securities: Common stock,
no par value
	(b) Name
of Issuer: Appliance Recycling Centers
of America, Inc. (the “Company”)
	(c) Address
of Issuer’s Principal Executive Offices: 7400 Excelsior Boulevard,
Minneapolis, MN 55426-4517
Item 2.	Identity and Background
	(a) Name of
Person Filing: Medallion Capital, Inc.
	(b) Residence
or Business Address: 3000 West County
Road 42, Suite 301, Burnsville, MN 55337-4827
	(c) Principal
Occupation or Employment: N/A
	(d) Conviction
in a criminal proceeding during the last five years: None
	(e) Subject,
during the last five years, to a judgment, decree or final order enjoining
securities laws violations: None
	(f) Citizenship: State of Minnesota, Country of United
States
Item 3.	Source and Amount of Funds or Other Consideration
	Not applicable.
Item 4.	Purpose of Transaction
	Medallion
Capital may, from time to time, (1) acquire additional shares of common stock
or other securities of the Company (subject to availability at prices deemed
favorable by Medallion Capital) in the open market, in privately negotiated
transactions, or otherwise, or (2) attempt to dispose of shares of common
stock or preferred stock convertible into common stock or any other
securities beneficially owned by Medallion Capital in the open market, in
privately negotiated transactions or otherwise.
	Medallion
Capital does not have any present plans or intentions that would result in or
relate to any of the transactions described in subparagraphs (a) through (j)
of Item 4 of Schedule 13D.
Item 5.	Interest in Securities of the Issuer
	As of
August 11, 2005, Medallion Capital is the beneficial owner of 590,000
shares of common stock of the Company, representing 14.2% of the 4,161,277
shares of common stock of the Company outstanding as reported on the
Company’s 10-Q for the quarter ended April 2, 2005, filed with the SEC on May
17, 2005.

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| (b) | Voting
and Dispositive Power: |
| --- | --- |
| | Medallion
Capital has sole voting and dispositive power over all the securities listed
above. |
| (c) | Transactions
within 60 days: |
| | On
August 9, 2005, Medallion Capital sold 42,000 shares of the common stock of
the Company at $5.05 per share. |
| (d) | Right
to Direct the Receipt of Dividends:
Not applicable. |
| (e) | Last
Date on Which Reporting Person Ceased to be a 5% Holder: Not applicable. |
| Item 6. | Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer |
| | Not Applicable. |
| Item 7. | Material to Be Filed as Exhibits |
| | None. |

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Signature

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

| Dated:
August 11, 2005 | |
| --- | --- |
| By: | /s/ Dean R. Pickerell |
| | Dean R. Pickerell |
| | Executive Vice President |

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