FORM 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

  1. Name and Address of Reporting Person

 

Correio Jon A

2. Date of Event Requiring Statement (Month/Day/Year)

02/09/2001

4. Issuer Name and Ticket or Trading Symbol

Electronic Systems Technology, Inc.

(ELST)

6. If Amendment, Date of Original (Month/Day/Year)
(Last) (First) (MI)

2409 West 16th Ave

3. IRS or SSN of Reporting Person (Voluntary) 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

[ X ] Director [ ] 10% Owner              [ X ] Officer (give title below)             [ ] Other (specify below)

Secretary/Treasurer

7. Individual or Joint/Group Filing (Check applicable line)

[ X ] Form filed by One Reporting Person

[ ] Form filed by More than One Reporting Person

(Street)

Kennewick WA 99337

(City) (State) (Zip)

 

Table I : Non-Derivative Securities Owned

1. Title of Security                                     (Instr. 4)

2. Amount of Securities Beneficially Owned

(Inst. 4)

3. Ownership Form: Direct (D) or Indirect (I)

(Instr. 5)

4. Nature of Indirect Beneficial Ownership

(Inst. 5)

Reminder: Report of a separate line for each class securities owned directly or indirectly.

 

Form 3 (continued)

Table II : Derivative Securities Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security

(Inst. 4)

 

 

2. Date Exercisable and Expiration Date (Month/Day/Year)

3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)

4. Conversion or Exercise Price of Derivative Security

5. Ownership Form of Derivative Security Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership

Date Exercisable

Expiration Date

Title

Amount or Number of Shares
OPTIONS 2/12/1999 2/11/2002

Common Stock

15,000 $0.44 D
OPTIONS 2/11/2000 2/11/2003

Common Stock

15,000 $2.81 D
OPTIONS 2/9/2001 2/9/2004

Common Stock

15,000 $0.44 D

Explanation of Responses:

 

 

/s/ JON CORREIO Feb 15, 2001

_________________________________ ____________

**Signature of Reporting Person Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.