ALT5 Sigma Corp — Major Shareholding Notification 2007

Oct 9, 2007

SC 13G/A 1 v089715_13ga.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G/A

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3 )

Appliance Recycling Centers of America

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

03814F205

(CUSIP Number)

September 30, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

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 on 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).

CUSIP No.

| 1) | Names
of Reporting Persons. I.R.S.
Identification Nos. of Above Persons (entities
only) White
Pine Capital, LLC | |
| --- | --- | --- |
| 2) | Check
the Appropriate Box if a Member of a Group (See
Instructions) N/A | (a)
[ ] (b)
[ ] |
| 3) | SEC
Use Only | |
| 4) | Citizenship
or Place of Organization Delaware | |

Number of Shares Beneficially Owned by Each Reporting Person With 5) 6) 7) 8) Sole Voting Power 120,635 Shared Voting Power Sole Dispositive Power 120,635 Shared Dispositive Power

9) Aggregate Amount Beneficially Owned by Each Reporting Person 120,635 shares

| 10) | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares
(See
Instructions) N/A |
| --- | --- |
| 11) | Percent
of Class Represented by Amount in Item 9 2.8% |
| 12) | Type
of Reporting Person (See Instructions) IA |

ITEM 1.

| (A) | NAME
OF ISSUER |
| --- | --- |
| | Appliance
Recycling Centers of America |
| (B) | ADDRESS
OF ISSUER'S PRINCIPAL EXECUTIVE OFFICE |
| | 7400
Excelsior Blvd |
| | Minneapolis,
MN 55426 |

ITEM 2.

| (A) | NAME
OF PERSONS FILING |
| --- | --- |
| | White
Pine Capital, LLC |
| (B) | ADDRESS
OF PRINCIPAL BUSINESS OFFICE OR IF NONE,
RESIDENCE |
| | 60
South Sixth Street, Suite 2530, Minneapolis, MN
55402 |
| (C) | CITIZENSHIP |
| | Delaware |
| (D) | TITLE
OF CLASS OF SECURITIES |
| | Common
Stock |
| (E) | CUSIP
NUMBER |
| | 03814F205 |

ITEM 3.

If this statement is filed pursuant to rule 240.13d- 1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

| (a) | ___
Broker or dealer registered under section 15 of the Act (15 U.S.C.
78o). |
| --- | --- |
| (b) | ___
Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c). |
| (c) | ___
Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C.
78c). |
| (d) | ___
Investment company registered under section 8 of the Investment
Company
Act of 1940 (15 U.S.C. 80a-8). |
| (e) | X An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E). |
| (f) | ___
An employee benefit plan or endowment fund in accordance with
240.13d-1(b)(1)(ii)(F). |
| (g) | ___
A parent holding company or control person in accordance with
240.13d-1(b)(1)(ii)(G) |
| (h) | ___
A savings association as defined in section 3(b) of the Federal
Deposit
Insurance Act (12 U.S.C. 1813). |
| (i) | ___
A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of
1940 (15
U.S.C. 80a-3). |
| (j) | ___
Group, in accordance with section
240.13d-1(b)(1)(ii)(J). |

ITEM 4. OWNERSHIP.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)
120,635

| (b) | Percent
of class: |
| --- | --- |
| | 2.8% |
| (c) | Number
of shares as to which the person has: |
| (i) | Sole
power to vote or to direct the vote: |
| | 120,635 |
| (ii) | Shared
power to vote or to direct the vote: |
| (iii) | Sole
power to dispose or to direct the disposition
of: |
| | 120,635 |
| (iv) | Shared
power to dispose or to direct the disposition of: |

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x .

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

N/A

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

N/A

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

N/A

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

N/A

ITEM 10. CERTIFICATION.

By signing below we certify that, to the best of our knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Dated: 10/8/07

By:
Name:
Michael S. Wallace
Title:
Principal