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* WHITMORE BRADFORD T (Last) (First) (Middle) 1560 SHERMAN AVE SUITE 900 (Street) EVANSTON IL 60201 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol ISCO INTERNATIONAL INC [ iso ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 06/26/2007
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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	06/26/2007		C		4,166,667	A	$0.18(1)	48,064,846	I(2)	See footnote (2)

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
7% Convertible Notes	$0.2	06/26/2007		J(3)		$4,861,705		06/26/2007	08/01/2009	Common Stock	24,308,525	$0.2	24,308,525	I(2)	See footnote (2)
7% Convertible Notes	$0.18	06/26/2007		J(3)		$750,000		06/26/2007	08/01/2009	Common Stock	4,166,667	$0.18	28,475,192	I(2)	See footnote (2)
7% Convertible Notes	$0.18	06/26/2007		C			$750,000	06/26/2007	08/01/2009	Common Stock	4,166,667	$0	24,308,525	I(2)	See footnote (2)

1. Name and Address of Reporting Person* WHITMORE BRADFORD T (Last) (First) (Middle) 1560 SHERMAN AVE SUITE 900 (Street) EVANSTON IL 60201 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ALEXANDER FINANCE LP (Last) (First) (Middle) 1560 SHERMAN AVE STE 900 (Street) EVANSTON IL 60201 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SPURGEON CORP (Last) (First) (Middle) 290 S COUNTY FARM RD THIRD FL (Street) WHEATON IL 60187 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The reporting persons converted $750,000 face amount of amended and restated 7% convertible notes on June 26, 2007, at a conversion price of $0.18 per share, resulting in the acquisition of 4,166,667 shares of common stock.

2. As president of Bun Partners, Inc., General Partner of Alexander Finance, LP, and as General Partner of Grace Brothers, Ltd. Bradford T. Whitmore is an indirect beneficial owner. As General Partner of Alexander Finance, LP, and Grace Brothers, Ltd., Spurgeon Corporation is an indirect beneficial owner.

3. The reporting persons amended and restated existing notes to extend the maturity date to August 1, 2009, reduce the interest rate of the notes, and provide for the convertibility of the notes into common stock at a conversion price of $0.20 per share.

	Bradford T. Whitmore	07/06/2007
	Jerald A. Trannel, Vice President: Spurgeon Corporation	07/06/2007
	Bradford T. Whitmore, President: Bun Partners, Inc.	07/06/2007
	** Signature of Reporting Person	Date
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