SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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 HI 96813 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol HOKU SCIENTIFIC INC [ HOKU ]	5. 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
	3. Date of Earliest Transaction (Month/Day/Year) 08/10/2005
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/10/2005		C		666,663	A	(1)	0(2)(5)	I	See Footnote(2)
Common Stock	08/10/2005		C		2,966,665	A	(1)	0(3)	I	See Footnote(3)
Common Stock								0(4)	I	See Footnote(4)
Common Stock								4,800,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Preferred Stock	(1)	08/10/2005		C			666,663	(1)	(1)	Common Stock	666,663	(1)	0	I	See Footnote(2)
Series C Preferred Stock	(1)	08/10/2005		C			2,966,665	(1)	(1)	Common Stock	2,966,665	(1)	0	I	See Footnote(3)

Explanation of Responses:

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

2. Since the Reporting Person's Form 3 filing, the 666,663 shares automatically converted into Common Stock on a one-for-one basis immediately prior to the closing of the Issuer's initial public offering and the power of attorney terminated as to the shares comprised of the following: (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.

3. Since the Reporting Person's Form 3 filing, the 2,966,665 shares automatically converted into Common Stock on a one-for-one basis immediately prior to the closing of the Issuer's initial public offering and the power of attorney terminated as to the shares comprised of the following: (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. The Reporting Person no longer has a reportable beneficial ownership interest in the shares.

4. Since the Reporting Person's Form 3 filing, the power of attorney terminated as to the 694,334 shares comprised of the following: (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. The Reporting Person no longer has a reportable beneficial ownership interest in the shares.

5. The Reporting Person no longer has a reportable beneficial ownership interest in the shares.

	/s/ Dustin M. Shindo	08/10/2005
	** 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 4 (b)(v).
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