SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. ____)(1)
CYANOTECH CORPORATION
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(Name of Issuer)
Common Stock, par value $0.005 per share
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(Title of Class of Securities)
232437-10-3
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(CUSIP Number)
December 31, 2001
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-(c)
[_] Rule 13d-1(d)
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(1) 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 the disclosures provided in a prior cover page.
The information required in 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 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).
(SC13G-07/99)
CUSIP No. 232437-10-3 13G Page 2 of 6 Pages
________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Eric Reichl, individually and on behalf of the Eva Reichl 2001 Charitable
Remainder Annuity Trust (the "Trust"), as sole trustee and noncharitable
beneficiary
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER 917,000*
SHARES *17,000 shares directly held by the reporting person
and 900,000 shares indirectly held by the reporting person
as sole trustee and noncharitable beneficiary of the Trust
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER N/A
OWNED BY
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER 917,000*
REPORTING *17,000 shares directly held by the reporting person and 900,000
shares indirectly held by the reporting person, as sole trustee
and noncharitable beneficiary of the Trust
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER N/A
WITH
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
917,000*
*See Item 4
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON* IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 232437-10-3 13G Page 3 of 6 Pages
________________________________________________________________________________
Item 1(a). Name of Issuer:
Cyanotech Corporation
________________________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
73-4460 Queen Kaahumanu Highway #102
Kailua-Kona, Hawaii 96740
________________________________________________________________________________
Item 2(a). Name of Person Filing:
Eric H. Reichl, individually and on behalf of the Eva Reichl 2001
Charitable Remainder Annuity Trust (the "Trust"), as sole trustee and
noncharitable beneficiary
________________________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
150 Brooks Bend
Princeton, New Jersey 08540
________________________________________________________________________________
Item 2(c). Citizenship:
United States of America
________________________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.005 per share
________________________________________________________________________________
Item 2(e). CUSIP Number:
232437-10-3
________________________________________________________________________________
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
CUSIP No. 232437-10-3 13G Page 4 of 6 Pages
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
917,000*
*The number of shares reported reflects 17,000 shares the reporting
person directly owns and 900,000 shares the reporting person
indirectly owns, as sole trustee and noncharitable beneficiary of the
Trust.
______________________________________________________________________
(b) Percent of class:
5.4%
______________________________________________________________________
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote
The reporting person has sole voting power with respect to 917,000
shares as follows: (1) 17,000 shares held directly by the reporting
person, and (2) 900,000 shares held indirectly by the reporting
person as the sole trustee and noncharitable beneficiary of the
Trust.
(ii) Shared power to vote or to direct the vote
Not applicable.
(iii) Sole power to dispose or to direct the disposition of
The reporting person has sole dispositive power with respect to 917,000
shares as follows: (1) 17,000 shares held directly by the reporting
person, and (2) 900,000 shares held indirectly by the reporting
person as the sole trustee and noncharitable beneficiary of the Trust.
(iv) Shared power to dispose or to direct the disposition of
Not applicable.
CUSIP No. 232437-10-3 13G Page 5 of 6 Pages
________________________________________________________________________________
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
________________________________________________________________________________
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
________________________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not applicable.
________________________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
Not applicable.
________________________________________________________________________________
Item 9. Notice of Dissolution of Group.
Not applicable.
________________________________________________________________________________
Item 10. Certifications.
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.
________________________________________________________________________________
CUSIP No. 232437-10-3 13G Page 6 of 6 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 9, 2002
ERIC H. REICHL
By:_____________________________________
Name: Eric H. Reichl
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
EDGARLink 7.0 (8/00) Ver. 3.1