Edgar Filing: INTEGRAL VISION INC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

MAXCO INC

2. Issuer Name and Ticker or Trading Symbol
INTEGRAL VISION INC [INVI]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
Former 10% owner

(Last)

(First)

(Middle)

1005 CHARLEVOIX DR., SUITE 100

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2010

(Street)

GRAND LEDGE, MI 48837

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Convertible Notes

$ 0.25

03/31/2010

J⁽¹⁾

205,479

09/15/2008

09/15/2012

Common Stock

205,479

$ 0.25

1,132,258

Convertible Notes

$ 0.25

03/31/2010

J⁽¹⁾

541,096

09/15/2008

07/01/2010

Common Stock

541,096

$ 0.25

591,162

Convertible Notes

$ 0.15

03/31/2010

J⁽¹⁾

72,147

01/08/2009

07/01/2010

Common Stock

72,147

$ 0.15

519,015

Convertible Notes

$ 0.15

03/31/2010

J⁽¹⁾

40,067

07/01/2009

07/01/2010

Common Stock

40,067

$ 0.15

478,948

Warrants

$ 0.15

03/31/2010

J⁽¹⁾

77,055

07/03/2009

07/03/2013

Common Stock

77,055

$ 0.15

401,893

Warrants

$ 0.15

03/31/2010

J⁽¹⁾

83,048

10/08/2009

10/08/2013

Common Stock

83,048

$ 0.15

318,845

Convertible Notes

$ 0.15

03/31/2010

J⁽¹⁾

43,160

01/01/2010

07/01/2010

Common Stock

43,160

$ 0.15

275,685

Warrants

$ 0.15

03/31/2010

J⁽¹⁾

154,110

02/01/2010

02/01/2014

Common Stock

154,110

$ 0.15

121,575

Warrants ⁽¹⁾

$ 0.15

03/31/2010

J⁽¹⁾

121,575

03/23/2010

03/23/2014

Common Stock

121,575

$ 0.15

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MAXCO INC 1005 CHARLEVOIX DR., SUITE 100 GRAND LEDGE, MI 48837				Former 10% owner

Signatures

/s/ Lawrence O. Fields, Treasurer & CFO		04/01/2010
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	On March 31, 2010, Maxco, Inc. sold its Convertible Notes and Warrants to Charlevoix Drive Properties, LLC, an LLC that Maxco president Max A. Coon or other officers have a beneficial ownership.

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