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Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 20, 2009

Asyst Technologies, Inc.

(Exact Name of Registrant, as Specified in Charter)


California	000-22430	94-2942251
(State or Other	(Commission File	(IRS Employer
Jurisdiction	Number)	Identification Number)
of Incorporation)

46897 Bayside Parkway,
Fremont,California		94538
(Address of Principal		(Zip Code)
Executive Offices)

Registrant’s telephone number, including area code: (510) 661-5000
N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS


	Item 7.01 Regulation FD Disclosure
	Item 9.01 Financial Statements and Exhibits
	SIGNATURES
EXHIBIT INDEX
EX-99.1

Item 7.01 Regulation FD Disclosure

As previously reported on Form 8-K filed with the SEC on April 24, 2009, Asyst Technologies, Inc. filed for protection under Chapter 11 of the United States Bankruptcy Code on April 20, 2009 (Case Number 09-43246-RJN), in the United States Bankruptcy Court for the Northern District of California (Oakland).

On May 20, 2009, Asyst filed a Monthly Operating Report for the period April 20, 2009, to April 30, 2009, with the Court. The Monthly Operating Report is attached as Exhibit 99.1 and is incorporated herein by reference.

The Monthly Operating Report may be available electronically, along with other documents filed with the Court and other information concerning the bankruptcy proceeding, on the internet website of Asyst’s claims agent at https://www.claim-agent.net/AsystReorg.

In accordance with General Instruction B.2 of Form 8-K, the information, and exhibits referred to, in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 except as may be expressly set forth by specific reference in such a filing.

Cautionary Statement Regarding Financial and Operating Data

Asyst cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any securities of the Asyst. The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Court.

The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with Generally Accepted Accounting Principles in the United States, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. The Monthly Operating Report presents condensed financial information of Asyst. As previously reported, Asyst’s Japanese subsidiaries, Asyst Technologies Japan Holdings Company, Inc. and Asyst Technologies Japan, Inc., entered into related voluntary proceedings under Japan’s Corporate Reorganization Law (Kaisha Kosei Ho) on April 20, 2009. As a result of these proceedings in Japan, Asyst does not have the necessary ability to obtain current financial information from the Japanese subsidiaries and believes the current value of its equity in these subsidiaries is zero.

There can be no assurance that, from the perspective of an investor or potential investor in Asyst’s securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in Asyst’s previous periodic reports filed with the SEC, and such information might not be indicative of Asyst’s financial condition or operating results for the period that would be reflected in Asyst’s financial statements that would otherwise be filed in periodic reports under the Securities Exchange Act of 1934. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.

This Form 8-K including its exhibit(s) will not be deemed an admission as to the materiality of any information required to be disclosed solely by Regulation FD.

Cautionary Statement Regarding Forward-Looking Statements

Except for statements of historical fact, the statements in this Form 8-K and its exhibit(s) are forward-looking. Forward-looking statements include information concerning our Chapter 11 filing and similar proceedings in Japan, and prospects for reorganizing, selling, liquidating, and/or managing our business, fulfilling our contractual obligations, and other goals in connection with the proceedings. All forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. The risks and uncertainties related to the reorganization proceedings in Japan and Chapter 11 filing in the United States include risks that these proceedings could have a material negative impact on our global business, results of operations, financial condition, cash management capability, and relationships with employees, customers, suppliers, and contract manufacturers; we may not be able to obtain initial and subsequent court orders on desired terms, including our ability to use available cash to meet essential ongoing obligations; we may not have sufficient cash to fund our operations and may not be able to obtain additional financing on desired terms or court approvals required for such financing, if any, that may be available; a court having jurisdiction over our operations may issue orders or otherwise act or omit to act in a manner that adversely affects our operations; and Asyst may not obtain timely the requisite approvals of affected creditors or the applicable courts for our intended restructuring plan,

leading to the liquidation of Asyst’s assets; Asyst’s common stock may have no future value and may be cancelled in connection with the bankruptcy proceeding; Asyst’s common stock has been delisted from the NASDAQ Stock Market; during the bankruptcy proceedings, we do not expect to be able to file annual and quarterly reports with the SEC containing financial statements or other information required under the Securities Exchange Act of 1934; we do not currently expect that Asyst will reorganize and continue as a publicly traded company after completion of the bankruptcy proceedings; we may not be able to continue our operations successfully during the pendency of the bankruptcy proceedings, which could affect our ability to attract a buyer for the businesses or assets of the company (or the consideration a buyer would be willing to pay for the businesses or assets of the company); and the instability of the global economy and an inability to obtain debtor-in-possession financing in the credit markets may adversely affect prospects for achieving or sustaining essential operations during the course of an orderly disposition of our assets or a sale of the company’s assets.

Other risks that may adversely affect our business, results of operations, financial condition and prospects for restructuring include, but are not limited to: our ability to achieve forecasted cost reductions, revenues, margins and profitability; failure to respond to rapid demand shifts; dependence on a few significant customers; the timing and scope of decisions by customers to transition and expand fabrication facilities and investment in fab automation equipment; ability to maintain or expand market share in our product segments; ability to improve gross margins through product cost reduction, volume increases, and supply chain initiatives; continued risks associated with the acceptance of new products and product capabilities; the volatility of semiconductor industry cycles and the depth and duration of industry downturns; the risk that customers will delay, reduce or cancel planned projects or bookings and thus delay the recognition, amount, or timing of our forecasted revenue or bookings; competition in the semiconductor equipment industry and specifically in AMHS; failure to retain and attract key employees; and other factors more fully detailed in Asyst’s Annual Report on Forms 10-K and 10-K/A for the year ended March 31, 2008, and other reports subsequently filed with the Securities and Exchange Commission.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 Monthly Operating Report for the period April 20, 2009 to April 30, 2009, filed with the United States Bankruptcy Court for the Northern District of California (Oakland).


	ASYST TECHNOLOGIES, INC.
Date: May 27, 2009	By:	/s/ Steve Debenham
		Steve Debenham
		Senior Vice President, General Counsel & Secretary


Date:		n/a
Time:		n/a
Dept:		220
Judge:		Chief Judge Randall J. Newsome


Dated: May 20, 2009	BAKER & McKENZIE LLP
	By:	/s/ Janet D. Gertz
		Ali M.M. Mojdehi
		Janet D. Gertz Proposed Counsel for Debtor Asyst Technologies, Inc.


In re: Asyst Technologies, Inc.	Case No.	09-43246 RN 11

	CHAPTER 11
	MONTHLY OPERATING REPORT
	(GENERAL BUSINESS CASE)


	MONTH ENDED: Apr-09	PETITION DATE:			04/20/09


1.	Debtor in possession (or trustee) hereby submits this Monthly Operating Report on the Accrual Basis of accounting (or if checked here the Office of the U.S. Trustee or the Court has approved the Cash Basis of Accounting for the Debtor). Dollars reported in USD, thousands

		End of Current			End of Prior			As of Petition
2.	Asset and Liability Structure	Month			Month			Filing

	a. Current Assets	$	21,988							1)

	b. Total Assets	$	87,842							1)

	c. Current Liabilities	$	22,782							1)

	d. Total Liabilities	$	30,644							1)


								Cumulative
3.	Statement of Cash Receipts & Disbursements for Month	Current Month			Prior Month			(Case to Date)

	a. Total Receipts	$	3,258					$	0	1)

	b. Total Disbursements	$	313					$	0	1)

	c. Excess (Deficiency) of Receipts Over Disbursements (a - b)	$	2,945		$	0		$	0	1)

	d. Cash Balance Beginning of Month	$	3,126					$	0	1)

	e. Cash Balance End of Month (c + d)	$	6,071		$	0		$	0	1)


								Cumulative
		Current Month			Prior Month			(Case to Date)

4.	Profit/(Loss) from the Statement of Operations	$	(489	)						1)

5.	Account Receivables (Pre and Post Petition)	$	1,749

6.	Post-Petition Liabilities	$	20

7.	Past Due Post-Petition Account Payables (over 30 days)	$	0


At the end of this reporting month:					Yes			No

8.	Have any payments been made on pre-petition debt, other than payments in the normal course to secured creditors or lessors? (if yes, attach listing including date of payment, amount of payment and name of payee)								X

9.	Have any payments been made to professionals? (if yes, attach listing including date of payment, amount of payment and name of payee)					X	2)

10.	If the answer is yes to 8 or 9, were all such payments approved by the court?					N/A	2)

11.	Have any payments been made to officers, insiders, shareholders, relatives? (if yes, attach listing including date of payment, amount and reason for payment, and name of payee)					X	3)

12.	Is the estate insured for replacement cost of assets and for general liability?					X

13.	Are a plan and disclosure statement on file?								X

14.	Was there any post-petition borrowing during this reporting period?								X

Check if paid: Post-petition taxes

U.S. Trustee Quarterly Fees ; Check if filing is current for: Post-petition

tax reporting and tax returns:

(Attach explanation, if post-petition taxes or U.S. Trustee Quarterly Fees are not paid current or if post-petition tax reporting and tax return filings are not current.)


Footnotes:

1)		Financial information as of April 20, 2009 (the “Petition Date”) was not displayed as the information is subject to change until the filing of the Schedules of Assets and Liabilities, which are to be submitted on June 4, 2009.

2)		Ordinary course payments to non-restructuring professionals were made for patent fee applications. These payments made pursuant to the Interim Cash Collateral Order.

3)		Post-petition payroll and expense reimbursements have been made to current officers of the Company in the ordinary course of the Company’s business.

4)		No post-petition taxes were due as of April 30, 2009 and post-petition tax reporting and returns are in process.


/s/ Paula C. LuPriore Signature of Authorized Individual		5/20/2009 Date


Paula C. LuPriore Printed Name of Authorized Individual		EVP. Chief Operating Officer Title of Authorized Individual


	From
	4/21/09 to
In USD	4/30/09
3rd Party Sales		381,906
Cash Discount		(874	)
Change In SAB 101 Defer Rev - Inc/(Exp)		60,514

Total External Revenue		441,546

Subsidiary Sales		(32,165	)

Total Business Unit Generated Sales		409,381

COGS — Material Unburdened		28,393
COGS — Warranty		5,692
COGS — Service L&OH(Absorbed)		179,350
COGS — Service L&OH(Over/Under Absorbed)		60,156
COGS — Other Costs of Goods		8,794
COGS — Inventory E&O		6,180

Total 3rd Party COGS		288,566
Subsidiary COGS		—

Sub Total COGS		288,566

Base Labor		23,278
Fringe Benefits		6,460
I/S/Telecom		4,114
Facilities Expenses		7,600
Depreciation		3,046

MFG Spending		44,499

Total Cost of Goods Sold		333,065

Gross Profit		76,317

Gross Margin%		19	%

Base Labor		406,998
Fringe Benefits		142,425
Professional Fees		165,000
Other Variable		4,000
I/S/Telecom		3,219
Facilities Expenses		49,424
Depreciation		83,606
Other Fixed Expenses		(19,932	)
Service L&OH — Absorbed to COGS		(152,172	)
Service L&OH — Over/Under Absorbed		(99,942	)

Operating Expenses		582,626

Income (Loss) After Overhead		(506,310	)
Restructuring		—
Total Operating Expenses		582,626


Operating Income (Loss)		(506,310	)


Subsidiary Interest Expense (Income)		(17,435	)

Net Interest Expense/(Income)		(17,435	)


Income (Loss) before & Taxes		(488,874	)


Corporate Income Tax¹⁾		—

Net Income/(Loss)		(488,874	)


Footnotes:

1)		Corporate tax accounts have not been finalized and are subject to change.


	As of
In USD	April 30, 2009
ASSETS:
Cash And Equivalents — Unrestricted		5,983,299

Cash and Short Term Investments		5,983,299

Trade Accounts Receivables		2,693,902
Allowance For Doubtful Debts		(945,223	)

Net Trade Receivables		1,748,679

Receivables From Employees		7,500
Other Non Trade Receivables		788,284

Net Non-Trade Receivables		795,784
Accounts Receivable, Net		2,544,463

Receivable/(Payable) from Subsidiaries		8,693,096

Raw Materials		2,932,575
Raw Materials Reserve		(4,831,341	)
Work-in-Progress		106,838
Finished Goods		278,324
Parts		4,842,397
Other Work-in-Progress		31,019

Total Inventory		3,359,812

Deferred Tax Asset¹⁾		(2,165	)
Prepaid Expenses		1,409,318

Total Current Assets		21,987,823

Leasehold Improvements		7,340,030
Machinery & Equipment		9,080,778
Office Equipment, Furniture & Fixtures		13,136,711

Total Gross PP&E		29,557,519

Accum Depreciation — Leasehold Improve		3,335,405
Accum Depreciation — Machinery & Equip		6,520,388
Accum Depreciation — Off Equip Furn Fix		11,582,065

Total Accumulated Depreciation		21,437,858
Net PP&E		8,119,660

Gross Goodwill		7,061,892
Accum Amortization — Goodwill		(3,664,064	)

Net Goodwill		3,397,828

Gross Licenses/Patents		5,251,830
Accum Amortization — Licenses/Patents		(4,517,927	)

Net Licenses/Patents		733,903

Gross Developed Technology		11,832,181
Accum Amortization — Develop Technology		(11,832,181	)

Net Developed Technology		(0	)

Gross Customer Base		9,013,591
Accum Amortization — Customer Base		(9,013,591	)

Net Customer Base		(0	)

Gross Trademarks		3,295,000
Accum Amortization — Trademarks		(3,295,000	)

Net Trademarks		—

Intangibles Net		733,903

Investments In Subsidiary		27,779,498
Loan receivable from Subsidiary — Long Term		25,700,000
LT Deferred Tax Assets		1
Other Long Term Assets		123,630

Other Assets, Net		53,603,129

Long Term Assets		65,854,520


Total Assets		87,842,343


	As of
	April 30, 2009
Trade Accounts Payable ²⁾		4,545,816

Current Trade Payables		4,545,816

Corporate Income Tax Payable^{1), 2)}		19,098
Other Taxes & Dues Payable^{1), 2)}		77,988

Current Taxes Payables		97,086

Current Installation & Warranty Reserve		1,132,241
Current Severance & Restructuring Reserve		144,866
Current Employee Compensation Accrual		2,516,031

Total Accrued Liabilities		3,793,139

Deferred Revenue		622,908
Deferred Revenue (SAB)		2,506,729
Deferred Revenue (Install)		568,083

Deferred Revenue		3,697,719

Customer Deposits ²⁾		213,514
Other Current Liabilities ²⁾		6,434,642
Loan Payable to Subsidiary — Short Term ²⁾		4,000,000

Total Other Current Liabilities		14,345,875

Total Current Liabilities		22,781,916

Other Long Term Liabilities ²⁾		1,894,846
Loan Payable to Subsidiary — Long Term ²⁾		5,966,985

Total Long Term Liabilities		7,861,831


Total Liabilities		30,643,746


Common Stock (Share Capital)		419,860,714
Additional Paid In Capital		55,624,974

Total Common Stock and APIC		475,485,688

Prior Year Retained Earnings		(411,892,495	)
Cumulative Effect of Change in Accounting Pron.		(1,304,685	)
Retained Earnings/(Deficit) — Pre-petition		(2,668,598	)
Retained Earnings/(Deficit) — Post-petition		(488,874	)

Total retained earnings		(416,354,651	)

Other comprehsensive Loss		(1,932,440	)


Total Equity		57,198,597


Total Liability & Equity		87,842,343


	Accounts Receivable		Accounts Payable		Past Due
	[Pre and Post Petition]		[Post Petition]		Post Petition Debt
Receivables and Payables Agings
0 -30 Days	$	1,799,948	$	20,253

31-60 Days	$	69,852

61-90 Days	$	46,670			$	0

91+ Days	$	777,432

Total accounts receivable/payable	$	2,693,902	$	20,253

Allowance for doubtful accounts	$	945,223

Accounts receivable (net)	$	1,748,679


	Inventory(ies)
	Balance at
	End of Month
Retail/Restaurants -
Product for resale


Distribution -
Products for resale


Manufacturer -
Raw Materials	$	7,774,971

Work-in-progress	$	137,857

Finished goods	$	278,324


Other — Explain	$	(4,831,341	)

Inventory Reserves

TOTAL	$	3,359,812


Weekly

Monthly

Quarterly

Semi-annually

Annually			X


Inventory Beginning of Month²⁾	$	3,338,510

Add -
Net purchase

Direct labor	$	31,165

Manufacturing overhead

Freight in

Other:






Less -
Inventory End of Month²⁾	$	3,359,812

Shrinkage

Personal Use


Cost of Goods Sold	$	9,862


Inventory Valuation Methods
Indicate by a checkmark method of inventory used.

Valuation methods -
FIFO cost

LIFO cost

Lower of cost or market		X


Footnotes:

1)		The last complete physical count was conducted on March 15, 2008. Since then, the Company developed a cycle count program that was performed on a quarterly basis. The cycle count program was approved and reviewed by its former auditor. However, the cycle count program has been stopped since April 20, 2009 (the “Petition Date”) due to a lack of resources post filing.

2)		Beginning and Ending inventory each include inventory reserves of $4,831,341.


	Cost		Market Value
Description
None
















Total	$	0	$	0


Taxes Payable	0-30 Days		31-60 Days		61-90 Days		91+ Days		Total
Federal
Income Tax Withholding	$	58,692							$	58,692

FICA — Employee	$	25,986							$	25,986

FICA — Employer	$	25,986							$	25,986

Unemployment (FUTA)	$	31							$	31

Income	$	0							$	0

Other (Attach List)	$	12,677							$	12,677

Total Federal Taxes	$	123,371	$	0	$	0	$	0	$	123,371

State and Local
Income Tax Withholding	$	19,785							$	19,785

Unemployment (UT)	$	744							$	744

Disability Insurance (DI)	$	0							$	0

Empl. Training Tax (ETT)	$	0							$	0

Sales	$	6,687							$	6,687

Excise	$	0							$	0

Real property	$	0							$	0

Personal property	$	0							$	0

Income	$	0							$	0

Other (Attach List)	$	3,423							$	3,423

Total State & Local Taxes	$	30,639	$	0	$	0	$	0	$	30,639

Total Taxes	$	154,010	$	0	$	0	$	0	$	154,010


	Claimed	Allowed
List Total Claims For Each Classification - (See Note 1 Below)	Amount	Amount (b)
Secured claims (a)

Priority claims other than taxes

Priority tax claims

General unsecured claims


(a)		List total amount of claims even it under secured.

(b)		Estimated amount of claim to be allowed after compromise or litigation. As an example, you are a defendant in a lawsuit alleging damage of $10,000,000 and a proof of claim is filed in that amount. You believe that you can settle the case for a claim of $3,000,000. For Schedule F reporting purposes you should list $10,000,000 as the Claimed Amount and $3,000,000 as the Allowed Amount.


	Account 1	Account 2	Account 3	Account 4
Bank

Account Type

Account No.

Account Purpose

Balance, End of Month

Total Funds on Hand for all Accounts


Footnote:

1)		Financial information as of April 20, 2009 (the “Petition Date”) was not displayed as the information is subject to change until the filing of the Schedules of Assets and Liabilities, which are to be submitted on June 4, 2009.


		Actual		Cumulative
		Current Month		(Case to Date)
	Cash Receipts
1	Rent/Leases Collected	$	0

2	Cash Received from Sales	$	1,231,952

3	Interest Received	$	0

4	Borrowings	$	0

5	Funds from Shareholders, Partners, or Other Insiders	$	0

6	Capital Contributions	$	0

7	Receipts from Subsidiaries	$	2,000,000

8	Other Receipts	$	25,791


9

10

11


12	Total Cash Receipts	$	3,257,743	$	0


	Cash Disbursements
13	Payments for Inventory	$	0

14	Selling	$	0

15	Administrative	$	5,000

16	Capital Expenditures	$	0

17	Principal Payments on Debt	$	0

18	Interest Paid	$	0

	Rent/Lease:
19	Personal Property	$	0

20	Real Property	$	0

	Amount Paid to Owner(s)/Officer(s)
21	Salaries

22	Draws	$	0

23	Commissions/Royalties	$	0

24	Expense Reimbursements

25	Other	$	0

26	Salaries/Commissions (less employee withholding)¹⁾	$	306,877

27	Management Fees	$	0

	Taxes:
28	Employee Withholding

29	Employer Payroll Taxes

30	Real Property Taxes	$	0

31	Other Taxes

32	Other Cash Outflows:

33	Payment to Gelco	$	215

34	Bank charges	$	505

35

36

37


38	Total Cash Disbursements:	$	312,596	$	0


39	Net Increase (Decrease) in Cash	$	2,945,147	$	0


40	Cash Balance, Beginning of Period	$	3,125,792


41	Cash Balance, End of Period	$	6,070,939	$	0



SVBØ Silicon Valley Bank A Member of SVB Financial Group		Statement of Account


3300594160	ANALYSIS CHECKING
PREVIOUS BALANCE		3-31-09	251.27
+DEPOSITS/CREDITS		2	209.64
-CHECKS/DEBITS		1	94.93
-SERVICE CHARGE			.00
CURRENT BALANCE			365.98


DATE		TRACER		DESCRIPTION	AMOUNT
	4-20		65	REV. ANALYSIS CHARGE 2/26		95.00
	4-20		65	REV. ANALYSIS CHARGE 3/26		114.64
	4-27		16	ANALYSIS SERVICE CHARGE		94.93-


DATE	BALANCE		DATE		BALANCE		DATE		BALANCE
3-31		251.27		4-20		460.91		4-27		365.98


Bank Name	CITIBANK
Customer Number / Name	8462487	ASYST
Branch Number / Name	920	DELAWARE CITIBANK
Account Number / Name		ASYST TECHNOLOGIES — AP ACCOUNT
Account Currency / Type	USD


Account Number		ASYST TECHNOLOGIES — AP ACCOUNT
Entry Date	04/01/2009 to 04/30/2009
Value Date	04/01/2009 to 04/30/2009
Debit/Credit	Both
Base Currency	USD	U.S. DOLLAR
Cheques	Include Cheques
Page Breaks	Yes
Sort By	Transaction Amount	Descending
Consolidated Currency Totals — Client Level	No
User	MAY	LIU
Share	Private
Format	Adobe (PDF)
Favorite	Yes


Branch	930	NEW YORK CITIBANK — CORPORATE
Account Number	30721087	ASYST TECHNOLOGIES-CONCENTRATI
Statement Date	04/01/2009 to 04/30/2009
Cheques	Include Cheques
Page Breaks	Yes
Sort By	Bank Reference	Ascending
Activity Only	No
User	MAY	LIU
Share	Private
Format	Adobe (PDF)
Favorite	Yes


Contents	Page

Portfolio summary		2

Income summary		2

Activity summary		3

Banking: details of your account		4

Investments: details of your account		7

Additional information		10


		Business Sweep Account Statement ASYST TECHNOLOGIES INC Account number: April 1, 2009 to April 30, 2009


*		This is your adjusted total bank balance. This is different from your actual ending bank balance of $250,000.00 because there was $91,737.86 set to be sold as of April 30, 2009. Adjusted total bank balance is your total bank balance appropriately adjusted to reflect an amount to be invested or sold (-). Total portfolio valuation combines your adjusted total bank balance with other total portfolio balances.


Beginning balance on April 1, 2009		$	250,000.00

Plus	Electronic deposits		7,307,482.37

Less	Electronic (EFT) withdrawals		-1,683,820.00

	Fees and service charges		-1,263.47

	Transfers to other accounts		-2,850,000.00

Plus or minus Net sweep transactions			-2,772,398.90


Ending balance on April 30, 2009		$	250,000.00

Amount to be Sold as of April 30, 2009		-$	91,737.86

Adjusted total bank balance		*$	158,262.14

Effective June 1 , 2009, the following fees will apply:
Counter Checks		$	2.00/check
Manual Stop Payment for Six Months		$	28.00/each
NSF (Return of unpaid items) and Paid Overdraft		$	30.00/each
Official Check		$	8.00/each


*		Adjusted total bank balance is your total bank balances appropriately adjusted to reflect an amount to be invested or sold (-). Total portfolio valuation combines your adjusted total bank balance with other total portfolio balances.


	Current		Year to
	period		date

Beginning value on April 1, 2009	$	1,878,305.57

Plus Investments bought		8,214,653.30		14,390,705.85

Less Investments sold		-5,348,132.68		-9,645,879.66

Plus or minus Cash		0.00

Plus or minus Change in market value		0.00		0.00

Ending value	$	4,744,826.19
on April 30, 2009

Total portfolio value	$	4,903,088.33


				Reference numbers
Date	Amount ($)		Activity	Customer	Bank

Apr 03		700,000.00	Wire # 003479		9485001414
Apr 03		45,071.57			9488822843
Apr 03		19,485.00	Wire # 006761		9485001413
Apr 03		1,319.00			9488173028
Apr 06		660.00			9488851253
Apr 09		89,362.91			9488989373
Apr 10		100,000.00	Wire # 000768		9485001021
Apr 13		3,100,000.00	Wire # 005751		9485001280
Apr 13		0.98			9488941096
Apr 15		520.00			9488587158
Apr 16		45,571.56			9488717133
Apr 17		106,565.25			9488685245
Apr 20		2,346.00			9488412517
Apr 20		0.10	Wire # 000246		9485001516
Apr 24		30,094.50			9488665364
Apr 24		4,779.00			9488663606
Apr 27		500,000.00	Wire # 001538		9485001621
Apr 27		500,000.00	Wire # 009997		9485001622
Apr 27		120,620.00			9488460434
Apr 28		1,000,000.00	Wire # 004522		9485001736
Apr 28		155,000.00			9488756722
Apr 29		669,824.36			9488254413
Apr 29		3,000.00			9488259307
Apr 30		113,262.14			9488101489
Total Electronic deposits: $7,307,482.37
Total number of Electronic deposits: 24