---------------------- OMB APPROVAL ---------------------- OMB Number: 3235-0362 Expires: January 31, 2005 Estimated average burden Hours per response...1.0 ------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 5/A AMENDED ANNUAL STATEMENT OF CHANGES BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 [x ] Check box if no longer subject to Section 16. Form 4 or 5 obligations may continue. See instruction 1(b). [ ] Form 3 Holdings Reported [x ] Form 4 Transactions Reported This Form 5/A corrects a previous Form 5 that inadvertently reported transactions in which shares were gifted as sale transactions, by an individual no longer an affiliate or Director of the company. _______________________________________________________________________________ 1. Name and Address of Reporting Person* Cowle Ed ------------------------------------------------------------------------------- (Last) (First) (Middle) 6 East 45th Street Ste. 1000 ------------------------------------------------------------------------------- (Street) New York New York 10017 ------------------------------------------------------------------------------- (City) (State) (Zip) _______________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Biophan Technologies, Inc. BIPH ------------------------------------------------------------------------------- _______________________________________________________________________________ 3. IRS Identification Number of Reporting Person, if an Entity (Voluntary) ------------------------------------------------------------------------------- _______________________________________________________________________________ 4. Statement for Month/Year February 2002 ------------------------------------------------------------------------------- _______________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) 9/11/2002 ------------------------------------------------------------------------------- _______________________________________________________________________________ 6. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [ ] Officer (give title below) [x ] Other (specify below) The reporting person was appointed to serve on the Board of Directors on 10/25/00. He resigned from the Board of Directors on 6/22/01. On 8/1/02 the reporting person ceased to be a 10% owner. _______________________________________________________________________________ 7. Individual or Joint/Group Filing (Check applicable line) [x ] Form Filed by One Reporting Person [__] Form filed by More than One Reporting Person Pg. 1 of 3 ================================================================================ Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================ 1. Title of 2. Trans-action 3. Trans-action 4. Securities 5. Amount of 6. Owner-ship 7. Nature of Security Date Code Acquired (A) or Securities Form: Indirect (Month/ (Instr. 8) Disposed of (D) Beneficially Direct (D) Beneficial Day/Year) Instr. 3,4 and 5) Owned at or indirect Ownership (A) Time of Event When (I) (Instr.4) or Reporting Person Instr. 4 Amount (D) Price was no Longer Subject to Sec. 16 Reporting ---------------------------------------------------------------------------------------------------------- Common 1/15/99 P4 25,000 A _ 2,898,600 D ---------------------------------------------------------------------------------------------------------- Common 1/31/00 S4 10,000 D - D ---------------------------------------------------------------------------------------------------------- Common 2/23/99 P4 9,500 A - D ---------------------------------------------------------------------------------------------------------- Common 2/23/99 P4 4,500 A - D ---------------------------------------------------------------------------------------------------------- Common 2/10/00 P4 500,000 A - D ---------------------------------------------------------------------------------------------------------- Common 12/6/00 P4 5,373,600 A - D ---------------------------------------------------------------------------------------------------------- Common 12/20/00 S4 200,000 D - D ---------------------------------------------------------------------------------------------------------- Common 3/29/01 S4 12,500 D _ D ---------------------------------------------------------------------------------------------------------- Common 3/29/01 S4 200,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 3/29/01 S4 25,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 3/29/01 S4 4,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 9/26/01 S4 150,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 9/26/01 S4 853,500 D _ D ---------------------------------------------------------------------------------------------------------- Common 9/26/01 S4 460,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 9/26/01 S4 40,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 9/26/01 S4 10,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 9/26/01 S4 20,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 9/26/01 * G4 99,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 11/14/01 S4 25,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 11/14/01 S4 50,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 6/3/02 * G4 350,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 6/12/02 * G4 75,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 6/6/02 * G4 70,000 D _ D ---------------------------------------------------------------------------------------------------------- Common 8/1/02 * G4 682,000 D _ D ========================================================================================================== Explanation of Responses: This Form 5/A corrects a previous Form 5 that inadvertently reported transactions in which shares were gifted as sale transactions, by an individual no longer an affiliate or Director of the company. * The subject transaction codes reported in the Form 5 filed on 9/11/02 were incorrect. If the Form is Filed by more than one Reporting Person, see Instruction 4(b) (v). Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly Pg. 2 of 3 =============================================================================== Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) =============================================================================== 1. Title of 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exercisable 7. Title and 8. Price of Derivative sion or action action Derivative and Expiration Amount of Derivative Security Exercise Date Code Securities Date Underlying Securities (Instr. 3) Price of (Month/ (Instr. Acquired (Month/Day/Year) Securities (Instr. 5) Deritative Day/ 8) (A) or (Instr. 3 Security Disposed and 4)___ (Instr. 3, 4 and 5) Amount or Number Date Expiration of (A) (D) Exercisable Date Title Shares --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------- Explanation of Responses: /s/ Ed Cowle 9/18/2002 --------------------------------------------- ------------------ **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Pg. 3 of 3