SEC FORM 3

SEC 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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Shindo Dustin M

(Last)

(First)

(Middle)

C/O HOKU SCIENTIFIC, INC.

2153 NORTH KING STREET, SUITE 300

(Street)

HONOLULU

96819

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/05/2005

3. Issuer Name and Ticker or Trading Symbol
HOKU SCIENTIFIC INC [ HOKU ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	4,800,000	D
Common Stock	694,334	I	See Footnote⁽¹⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Preferred Stock	⁽²⁾	⁽²⁾	Common Stock	666,663	⁽²⁾	I	See Footnote⁽³⁾⁽⁵⁾
Series C Preferred Stock	⁽²⁾	⁽²⁾	Common Stock	2,966,665	⁽²⁾	I	See Footnote⁽⁴⁾⁽⁵⁾

Explanation of Responses:

1. Represents the following shares as to which Reporting Person has power of attorney: (a) 650,000 shares held by Michael R. Gardner, (b) 33,333 shares held by Goodsill Anderson Quinn & Stifel, LLP and (c) 11,001 shares held by Matthew Kurano.

2. The Issuer's Preferred Stock will automatically convert into Common Stock on a one-for-one basis immediately prior to the closing of the Issuer's initial public offering.

3. Represents the following shares as to which Reporting Person has power of attorney: (a) 200,000 shares held by Brian J. Baker, 66,666 shares held by JM Associates, LLC, (b) 66,666 shares held by Leonard Kamp, Jr. 1991 Revocable Trust, (c) 66,666 shares held by Mid-Ohio Securities Corp. Cust FBO John Kojima, IRA, (d) 100,000 shares held by R. Chester Nierenberg, Trustee of the R. Chester Nierenberg Living Trust, (e) 66,666 shares held by Robert J. Robinson, (f) 33,333 shares held by Gary Sprinkle and Pamela Young Sprinkle, (g) 33,333 shares held by Technosynergies Corp. and (h) 33,333 shares held by Michael Forbes Larratt and Eileen Anne Kleemeyer-Larratt, co-Trustees of the Michael Forbes Larratt Revocable Trust dated 4-19-2004.

4. Represents the following shares as to which Reporting Person has power of attorney: (a) 33,333 shares held by Steven R. Baker, (b) 33,333 shares held by Rebecca K.H. Kamp 1991 Revocable Trust, (c) 233,333 shares held by Lava Ventures III, LLC and (d) 2,666,666 shares held by Lava Ventures VII, LP.

5. Reporting Person disclaims beneficial ownership of these shares, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the report shares for purposes of Section 16 or for any other purpose. The power of attorney terminates upon the closing of the Issuer's initial public offering, at which time, the Reporting Person will no longer have a reportable beneficial ownership interest in these shares.

Remarks:

Exhibit 24

	/s/ Dustin M. Shindo	08/05/2005
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.