SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to Schedule 13D Under the Securities Exchange Act of 1934 Electronic Systems Technology, Inc. ----------------------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 0002858481 ---------- (CUSIP Number) Vern D. Kornelsen, General Partner EDCO Partners LLLP 4605 Denice Drive, Englewood, CO 80111 (303) 796-9192 ----------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 28, 2009 ---------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(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 Rule 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). Common Stock CUSIP No. 0002858481 Page 2 of 4 (1) Names of Reporting Persons EDCO Partners LLLP I.R.S. Identification Nos. of Above Persons (entities only) 84-1151470 (2) Check the Appropriate Box if a Member of a Group (a) [_] (b) [_] (3) SEC Use Only (4) Source of Funds Capital contributions of limited partners (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [_] (6) Citizenship or Place of Organization Colorado Number of Shares (7) Sole Voting Power 489,180 Shares Beneficially Owned By Each Reporting (8) Shared Voting Power 0 Shares Person With (9) Sole Dispositive Power 489,180 Shares (10) Shared Dispositive Power 0 Shares (11) Aggregate Amount Beneficially Owned by Each Reporting Person 489,180 Shares (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [_] (13) Percent of Class Represented by Amount in Row (11) 9.48% (14) Type of Reporting Person PN Common Stock CUSIP No. 0002858481 Page 3 of 4 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 5 TO SCHEDULE 13D Statement of EDCO PARTNERS LLLP Pursuant to Section 13(d) of the Securities Exchange Act of 1934 in respect of ELECTRONIC SYSTEMS TECHNOLOGY, INC. (Commission File No. 2-92949-S) ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) The Reporting Person presently beneficially owns 489,180 Shares of Common Stock which represent approximately 9.48% of the 5,158,667 Shares of Common Stock outstanding as of September 30, 2008. The total number of Shares outstanding and the percentage held by the Reporting Person are based on the representations of the Issuer contained in the Form 10Q for the calendar quarter ended September 30, 2008. Vern D. Kornelsen, who is listed in Item 2, does not beneficially own any shares of the Issuer. (b) The Reporting Person, acting through Vern D. Kornelsen, as the general partner, has the sole power to vote or direct the vote, and sole power to dispose or to direct the disposition of the 489,180 Shares. (c) The Reporting Person purchased on the market 15,741 Shares of Common Stock of Electronic Systems Technology, Inc., on January 28, 2009, at .32 per Share, and 58,424 Shares of Common Stock of Electronic Systems Technology, Inc., on various dates prior thereto, at an average price of .366838 per Share. (d) Not applicable. (e) Not applicable. Common Stock CUSIP No. 0002858481 Page 4 of 4 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. January 29, 2009 EDCO PARTNERS LLLP /s/ Vern D. Kornelsen ---------------------------------- Vern D. Kornelsen, General Partner