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): October 14, 2004

 

DIGITAL ANGEL CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware
1-15177
52-1233960

(State of other jurisdiction
of incorporation)

(Commission File Number)

(I.R.S. Employer
Identification No.)

 

 

490 Villaume Avenue, South St. Paul, MN

55075

 

 

(Address of Principal Executive Offices)

(Zip Code)

 

 

(Registrant’s telephone number, including area code)    (651) 455-1621

 

Not applicable.

(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.14d-2(b))

 

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

 

 


 

Item 2.01.                                          Completion of Acquisition or Disposition of Assets

 

See Item 8.01 disclosure.

 

Item 8.01.                                          Other Events

 

On October 14, 2004, Digital Angel Corporation sold 1,069,650 shares of Applied Digital common stock held by Digital Angel Corporation.  The shares of Applied Digital common stock were previously registered with the Securities and Exchange Commission and were sold at prevailing market prices through a registered broker dealer for net cash proceeds of $4.0 million.  Digital Angel Corporation acquired the stock from Applied Digital in March 2004.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: October 19, 2004

 

 

 

 

 

 

 

 /s/ James P. Santelli

 

 

 

Digital Angel Corporation

 

 

James P. Santelli

 

 

Vice-President of Finance and Chief Financial Officer

 

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