UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 15)
ISCO International, Inc.
(Name of Issuer)
COMMON STOCK, par value $.001
(Title of Class of Securities)
46426P103
(CUSIP Number)
Jerald A. Trannel
290 South County Farm Road, Third Floor
Wheaton, Illinois 60187-4526
Telephone: (630) 588-7200
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 2, 2005
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject
of this Schedule 13D, and is filing this schedule because
of Section 240.13d-l(e), 240.13d-l(f) or 240.13d-l(g),
check the following box. [ ]
NOTE: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including
all exhibits. See Section 240.13d-7(b) for other parties
to whom copies are to be sent.
The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover
page shall not be deemed to be "filed" for the purpose of
Section 18 of the Securities Exchange Act of 1934 ("Act")
or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
2
Schedule 13D/A
CUSIP No. 452284102 Page 2 of 6 Pages
1. Names of Reporting Person
S.S. OR I.R.S. Identification No. of Above Persons
Alexander Finance, LP
2. Check the Appropriate Box if a Member of a Group (See
instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds (See instructions)
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization
Illinois Limited Partnership
7 Sole Voting Power
Number of 32,898,179
Shares
Beneficially 8 Shared Voting Power
Owned by 0
Each
Reporting 9 Sole Dispositive Power
Person 32,898,179
With 10 Shared Dispositive Power
0
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
32,898,179
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See instructions) [ ]
13. Percent of Class Represented by Amount in Row (11)
20.5%
14. Type of Reporting Person (See instructions)
PN
3
Schedule 13D/A
CUSIP No. 46426P103 Page 3 of 6 Pages
1. Names of Reporting Person
S.S. OR I.R.S. Identification No. of Above Persons
Bun Partners, Inc.
2. Check the Appropriate Box if a Member of a Group (See
instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds (See instructions)
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization
Illinois Limited Partnership
7 Sole Voting Power
Number of 32,898,179
Shares
Beneficially 8 Shared Voting Power
Owned by 0
Each
Reporting 9 Sole Dispositive Power
Person 32,898,179
With 10 Shared Dispositive Power
0
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
32,898,179
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See instructions) [ ]
13. Percent of Class Represented by Amount in Row (11)
20.5%
14. Type of Reporting Person (See instructions)
CO
4
Schedule 13D/A
CUSIP No. 46426P103 Page 4 of 6 Pages
1. Names of Reporting Person
S.S. OR I.R.S. Identification No. of Above Persons
Spurgeon Corporation
2. Check the Appropriate Box if a Member of a Group (See
instructions)
(a) [ ]
(b) [ ]
3. SEC Use Only
4. Source of Funds (See instructions)
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization
Illinois Limited Partnership
7 Sole Voting Power
Number of 32,898,179
Shares
Beneficially 8 Shared Voting Power
Owned by 0
Each
Reporting 9 Sole Dispositive Power
Person 32,898,179
With 10 Shared Dispositive Power
0
11. Aggregate Amount Beneficially Owned by Each Reporting
Person
32,898,179
12. Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See instructions) [ ]
13. Percent of Class Represented by Amount in Row (11)
20.5%
14. Type of Reporting Person (See instructions)
CO
5
Schedule 13D/A
CUSIP No. 46426P103 Page 5 of 6 Pages
The undersigned, Alexander Finance, L.P. ("Alexander")
hereby amends its Schedule 13D as filed on November 12,
1999 and as previously amended (the "Schedule 13D")
relating to the Common Stock of ISCO International, Inc.
Unless otherwise indicated, all capitalized terms used
herein but not defined herein shall have the same meaning
as set forth in the Schedule 13D. Except as set forth
herein, the Schedule 13D, as previously amended, remains
unchanged.
Item 5. Interest in Securities of the Issuer
Item 5 is amended as follows:
a. Alexander beneficially owns an aggregate of 32,898,179
shares of Common Stock, constituting 20.5% of all of the
outstanding shares of Common Stock. Alexander currently
holds the following securities of the Issuer:
32,898,179 shares of Common Stock.
c. The transactions effected by the Filer during the past
sixty (60) days are set forth on Schedule A.
6
Schedule 13D/A
CUSIP No. 46426P103 Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of its knowledge
and belief, the undersigned certifies that the information
set forth in this statement is true, complete and correct.
Dated: March 2, 2005
Alexander Finance, LP
By: /s/ Bradford T. Whitmore
Name: Bradford T. Whitmore
President: Bun Partners, Inc.
Its: General Partner
Bun Partners, Inc.
By: /s/ Bradford T. Whitmore
Name: Bradford T. Whitmore
Its: President
Spurgeon Corporation
By: /s/ Jerald A. Trannel
Name: Jerald A. Trannel
Its: Vice President
SCHEDULE A
TRADE ACTIVITY FOR ISCO INTERNATIONAL, INC. EFFECTED BY
ALEXANDER FINANCE, LP FOR THE PERIOD ENDING MARCH 2,
2005. (ALL ACTIVITY WAS EXECUTED ON THE THIRD MARKET)
Amount of
Shares Price per
Date Security (Sold) Share
02/28/2005 Common Stock (392,200) $.38
02/28/2005 Common Stock (169,700) $.39
02/28/2005 Common Stock (224,600) $.40
02/28/2005 Common Stock (69,900) $.41
02/28/2005 Common Stock (4,000) $.48
03/01/2005 Common Stock (469,900) $.35
03/01/2005 Common Stock (136,400) $.36
03/02/2005 Common Stock (550,100) $.36