424B3 1 a06-16401_4424b3.htm PROSPECTUS FILED PURSUANT TO RULE 424(A)

Filed Pursuant to Rule 424(b)(3)

File Number 333-131816

PROSPECTUS SUPPLEMENT NO. 1

Prospectus Supplement No. 1 dated September 6, 2006
to Prospectus declared
effective on August 9, 2006
(Registration No. 333-131816)

MICROFIELD GROUP, INC.

This Prospectus Supplement No. 1 supplements our Prospectus dated August 9, 2006.  The shares that are the subject of the Prospectus have been registered to permit their resale to the public by the selling stockholders named in the Prospectus.  We are not selling any shares of common stock in this offering and therefore will not receive any proceeds from this offering.  You should read this Prospectus Supplement No. 1 together with the Prospectus.

The table set forth in the section of the Prospectus entitled “Selling Stockholders” is hereby updated to reflect the transfer of (i) 439,286 shares of common stock underlying warrants from Energy Fund III, LLC and (ii) 357,143 shares of common stock underlying warrants from Energy Fund IV, LLC . The selling stockholders may have sold, transferred or otherwise disposed of, or may sell, transfer or otherwise dispose of, at any time or from time to time since the dates on which it provided the information regarding the shares beneficially owned by it, all or a portion of the shares beneficially owned by it in transactions registered under other effective registration statements or exempt from the registration requirements of the Securities Act of 1933.

The following shall appear within the Selling Stockholders table:

 

 

Beneficial Ownership

 

 

 

Name of Selling

 

Prior to Offering

 

Shares

 

Stockholder

 

Shares

 

Percentage (1)

 

Offered

 

Energy Fund III, LLC

 

878,571

 

1.2%

 

878,571

 

Energy Fund IV, LLC

 

865,702

 

1.2%

 

865,702

 

S Capital, LLC

 

18,817

 

*

 

18,817

 

Kevin Pritchard

 

30,452

 

*

 

30,452

 

Steve Pritchard

 

4,704

 

*

 

4,704

 

John Gabriel

 

4,704

 

*

 

4,704

 

 




 

 

 

 

 

 

 

 

 

 

John Nash

 

11,735

 

*

 

11,735

 

Tavares Williams Jr.

 

18,819

 

*

 

18,819

 

L. Martin Brantley

 

18,736

 

*

 

18,736

 

Gerald W. Frank,
Trustee of the Gerald W. Frank
Revocable Living Trust dated
12/12/01

 

9,409

 

*

 

9,409

 

Bridgeview Dental
LLC 401(k) Profit
Sharing Plan fbo John Briles

 

28,226

 

*

 

28,226

 

Richard Wright

 

9,409

 

*

 

9,409

 

Daniel C. Carroll

 

9,581

 

*

 

9,581

 

Charles E. Mautz

 

28,216

 

*

 

28,216

 

Stanley W. Smith

 

34,904

 

*

 

34,904

 

Steve McClurg

 

11,635

 

*

 

11,635

 

George Communications, LLC

 

39,615

 

*

 

39,615

 

William Purcell

 

11,635

 

*

 

11,635

 

James F. Rippey,
Trustee of the James F. Rippey
Revocable Living Trust dated
5/4/04

 

11,635

 

*

 

11,635

 

Tracy Salzwedel

 

11,635

 

*

 

11,635

 

Aequitas Capital Management, Inc.

 

17,335

 

*

 

17,335

 

Reynold Roeder

 

41,038

 

*

 

41,038

 

Brent M. Cook

 

18,654

 

*

 

18,654

 

Timothy M. Rippey
and Janice L. Rippey,
Trustees of the Timothy
M. Rippey Revocable Trust

 

18,654

 

*

 

18,654

 

James A. Bisenius

 

93,268

 

*

 

93,268

 

Craig P. Stuvland

 

37,307

 

*

 

37,307

 

Craig Zanon

 

37,307

 

*

 

37,307

 

Ted W. Clarke

 

14,923

 

*

 

14,923

 

Lincoln Ware

 

18,654

 

*

 

18,654

 

Michael L. Larson

 

9,327

 

*

 

9,327

 

Thane Cleland

 

24,679

 

*

 

24,679

 

 





* less than 1%

(1)  Percentage prior to offering is based on 73,728,975 shares of common stock outstanding as of June 30, 2006

Our common stock is listed on the OTC Bulletin Board under the symbol “MICG.”

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this Prospectus Supplement.  Any representation to the contrary is a criminal offense.

The date of this Prospectus Supplement is September 6, 2006.