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UNITED STATES
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SECURITIES AND EXCHANGE COMMISSION
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Washington, D.C. 20549
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| o | Rule 13d-1(b) |
| x | Rule 13d-1(c) |
| o | Rule 13d-1(d) |
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CUSIP No. 043168103
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13G
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Page 2 of 9
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1.
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Names of Reporting Persons
Joseph R. Dancy
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
**Joint Filing
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(a) o
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
USA
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
122,100
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6.
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Shared Voting Power
192,700
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7.
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Sole Dispositive Power
122,100
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8.
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Shared Dispositive Power
192,700
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
314,800
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10.
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Reporting person expressly disclaims beneficial ownership of 144,174 shares of the 314,800 aggregate amount reported in Row 9, except to the extent of his pecuniary interests therein.
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11.
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Percent of Class Represented by Amount in Row (9)
7.9%
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12.
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Type of Reporting Person (See Instructions)
IN
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CUSIP No. 043168103
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13G
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Page 3 of 9
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1.
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Names of Reporting Persons
Victoria A. Dancy
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
**Joint Filing
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(a) o
(b) o
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
U.S.A.
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
47,200
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6.
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Shared Voting Power
267,600
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7.
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Sole Dispositive Power
47,200
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8.
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Shared Dispositive Power
267,600
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
314,800
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10.
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Reporting person expressly disclaims beneficial ownership of 220,074 shares of the 314,800 aggregate amount reported in Row 9, except to the extent of her pecuniary interests therein.
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11.
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7.9%
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12.
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Type of Reporting Person (See Instructions)
IN
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CUSIP No. 043168103
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13G
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Page 4 of 9
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1.
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Names of Reporting Persons
LSGI Technology Venture Fund L.P.
75-2825353
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
**Joint Filing
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(a) o
(b) o
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
Texas
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
0
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6.
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Shared Voting Power
144,500
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7.
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Sole Dispositive Power
0
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8.
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Shared Dispositive Power
144,500
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
144,500
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
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11.
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Percent of Class Represented by Amount in Row (9)
3.6%
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12.
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Type of Reporting Person (See Instructions)
PN
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CUSIP No. 043168103
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13G
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Page 5 of 9
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1.
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Names of Reporting Persons
LSGI Advisors Inc.
75-2805972
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
**Joint Filing
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(a) o
(b) o
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
Texas
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
145,500 (1)
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6.
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Shared Voting Power
0
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7.
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Sole Dispositive Power
145,500 (1)
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8.
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Shared Dispositive Power
0
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
144,500 (1)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
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11.
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Percent of Class Represented by Amount in Row (9)
3.6%
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12.
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Type of Reporting Person (See Instructions)
CO
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Item 1.
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(a)
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Name of Issuer
Art’s-Way Manufacturing Co., Inc.
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(b)
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Address of Issuer’s Principal Executive Offices
5556 Highway 9, Armstrong, IA 50514-0288
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Item 2.
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(a)
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Name of Person Filing
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Joseph R. Dancy, an individual, with respect to the common stock directly owned by him individually, as custodian for his one minor child under the Uniform Transfer to Minors Act and by the Joseph R. Dancy IRA; with respect to the common stock directly owned by Mr. Dancy’s spouse, Victoria A. Dancy; with respect to common stock directly owned by LSGI Advisors Inc., a Texas corporation of which Mr. Dancy is the sole owner and officer (“LSGI Advisors”); and with respect to common stock directly owned by LSGI Technology Venture Fund, L.P., a Texas limited partnership of which LSGI Advisors is the general partner and of which Mr. Dancy, Victoria A. Dancy, the Joseph R. Dancy Irrevocable Trust (for the benefit of Joseph R. Dancy), the Victoria A. Dancy Irrevocable Trust (for the benefit of Victoria A. Dancy), Mr. and Mrs. Dancy’s two minor children, and LSGI Advisors are limited partners (“LSGI Fund”).
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| (ii) | Victoria A. Dancy, an individual, with respect to common stock directly owned by her individually and by the Victoria A. Dancy IRA; with respect to common stock directly owned by Mrs. Dancy’s spouse, Joseph R. Dancy, individually, by the Joseph R. Dancy IRA and as custodian for Mr. and Mrs. Dancy’s one minor child under the Uniform Transfer to Minors Act; with respect to common stock directly owned by LSGI Advisors; and with respect to common stock directly owned by the LSGI Fund. | ||
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LSGI Fund, with respect to the common stock owned directly by it.
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LSGI Advisors with respect to the common stock owned directly by it and with respect to common stock directly owned by the LSGI Fund.
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(b)
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Address of Principal Business Office or, if none, Residence
The address of Joseph R. Dancy, Victoria A. Dancy, LSGI Technology Fund, L.P. and LSGI Advisors, Inc. is:
1007 Beaver Creek
Duncanville, Texas 75137
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(c)
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Citizenship
See Cover Pages, Item 4
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(d)
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Title of Class of Securities
Common Stock, $0.01 par value
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(e)
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CUSIP Number
See Cover Pages
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Item 3.
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If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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(a)
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
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(b)
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
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(c)
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
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(d)
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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(j)
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Group, in accordance with §240.13d-1(b)(1)(ii)(J).
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Item 4.
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Ownership
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
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(a)
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Amount beneficially owned:
See Cover Pages, Items 5 through 11
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(b)
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Percent of class:
See Cover Pages, Items 5 through 11
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(c)
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Number of shares as to which the person has:
See Cover Pages, Items 5 through 11
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(i)
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Sole power to vote or to direct the vote
See Cover Pages, Items 5 through 11
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(ii)
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Shared power to vote or to direct the vote
See Cover Pages, Items 5 through 11
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(iii)
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Sole power to dispose or to direct the disposition of
See Cover Pages, Items 5 through 11
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(iv)
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Shared power to dispose or to direct the disposition of
See Cover Pages, Items 5 through 11
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Item 5.
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Ownership of Five Percent or Less of a Class
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not applicable
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
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Not applicable
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Item 8.
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Identification and Classification of Members of the Group
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Not Applicable
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Item 9.
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Notice of Dissolution of Group
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Not applicable
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Item 10.
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Certification
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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 that purpose or effect.
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Exhibits
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Joint Filing Agreement dated July 6, 2009, among the Reporting Persons, incorporated by reference to Exhibit 1 to initial Schedule 13G filed with the Securities and Exchange Commission on July 6, 2009.
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Joseph R. Dancy
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/s/ Joseph R. Dancy | |
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Signature
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Victoria A. Dancy
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| /s/ Victoria A. Dancy | ||
| Signature |
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LSGI TECHNOLOGY VENTURE FUND, L.P.
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BY:
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LSGI Advisors Inc., its General Partner
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| BY: | /s/ Joseph R. Dancy | |||
| Joseph R. Dancy, President | ||||
| LSGI ADVISORS INC. | ||||
| BY: | /s/ Joseph R. Dancy | |||
| Joseph R. Dancy, President | ||||