SC 13G 1 dury.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Remec, Inc. ______________________________________________________________________ (Name of Issuer) Common Stock, $0.01 par value ______________________________________________________________________ (Title of Class of Securities) 759543200 _____________________________________________________________________ (CUSIP Number) November 4, 2005 ______________________________________________________________________ (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] 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 the 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). Page 1 of 6 Pages CUSIP No. 759543200 Schedule 13G Page 2 of 6 Pages 1. NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only) David F. Dury _____________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [x ] _____________________________________________________________________ 3. SEC USE ONLY _____________________________________________________________________ 4. CITIZENSHIP OR PLACE OF ORGANIZATION Illinois NUMBER OF 5. SOLE VOTING POWER SHARES 192,520 ------------------------------------------------ BENEFICIALLY 6. SHARED VOTING POWER OWNED BY 1,452,957 ------------------------------------------------ EACH 7. SOLE DISPOSITIVE POWER REPORTING 192,520 --------------------------------------- PERSON WITH 8. SHARED DISPOSITIVE POWER 1,452,957 _____________________________________________________________________ 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,452,957 _____________________________________________________________________ 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ] _____________________________________________________________________ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.002% _____________________________________________________________________ CUSIP No. 759543200 SCHEDULE 13G Page 3 of 6 Pages 12. TYPE OF REPORTING PERSON IN _____________________________________________________________________ Item 1(a) Name of Issuer: Remec, Inc. ----------------------------------------------------------- Item 1(b) Address of Issuer's Principal Executive Offices: 3790 Via De La Valle Suite 311 Del Mar, CA 92014 ----------------------------------------------------------- _______________________________________________________________________ Item 2(a) Names of Persons Filing: David F. Dury ----------------------------------------------------------- Item 2(b) Address of Principal Business Office: 440 S. LaSalle Street 4th Floor Chicago, Illinois 60605 ----------------------------------------------------------- Item 2(c) Citizenship: Illinois ----------------------------------------------------------- Item 2(d) Title of Class of Securities: Common Stock ----------------------------------------------------------- Item 2(e) CUSIP Number: 759543200 ----------------------------------------------------------- _______________________________________________________________________ Item 3 If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: CUSIP No. 759543200 Schedule 13G Page 4 of 6 Pages (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. ---------------------------------------------------- (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. ---------------------------------------------------- (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act. ---------------------------------------------------- (d) [ ] Investment company registered under Section 8 of the Investment Company Act. ---------------------------------------------------- (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); ---------------------------------------------------- (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); ---------------------------------------------------- (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); ---------------------------------------------------- (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; ---------------------------------------------------- (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; ---------------------------------------------------- (j) [ ] Group, in accordance with Rule 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) Amount Beneficially Owned: 1,452,957 (aggregate) Comprised of: David F. Dury 192,520 Option Opportunities Company 1,260,437 -------------------------------------------------------- (b) Percent of Class: 5.002% (aggregate) Comprised of: David F. Dury .66274% Option Opportunities Company 4.339% -------------------------------------------------------- CUSIP No. 759543200 Schedule 13G Page 5 of 6 Pages (c) Number of Shares as to Which such Person (David F. Dury) has: (i) Sole power to vote or direct the vote 192,520 -------------------------------------------- (ii) Shared power to vote or to direct the vote 1,452,957 -------------------------------------------- (iii) Sole power to dispose or to direct the disposition of 192,520 -------------------------------------------- (iv) Shared power to dispose or to direct the disposition of 1,452,957 -------------------------------------------- _______________________________________________________________________ Item 5 Ownership of Five Percent or Less of a Class: Not Applicable _______________________________________________________________________ Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not Applicable _______________________________________________________ Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable _______________________________________________________________________ Item 8 Identification and Classification of Members of a Group: Not applicable _______________________________________________________________________ CUSIP No. 759543200 Schedule 13G Page 6 of 6 Pages Item 9 Notice of Dissolution of Group: Not applicable _______________________________________________________________________ Item 10 Certification: By signing below I certify that, to the best of my 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 such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 31, 2006 /s/ David F. Dury -------------------------- David F. Dury *David F. Dury disclaims beneficial ownership of the securities reported herein held by Option Opportunities Company.