Edgar Filing: ISLAND PACIFIC 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 ^*

RADCLIFFE DONALD S

2. Issuer Name and Ticker or Trading Symbol
ISLAND PACIFIC INC [IPIN]

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

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

(Last)

(First)

(Middle)

19800 MACARTHUR BLVD, SUITE 1200

3. Date of Earliest Transaction (Month/Day/Year)
04/05/2001

(Street)

IRVINE, CA 92612

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/10/2003⁽¹⁾		P		500	A	$ 1	11,800	I	Spouse
Common Stock	01/10/2003⁽¹⁾		P		300	A	$ 1.05	12,100	I	Spouse
Common Stock	01/10/2003⁽¹⁾		S		1,000	D	$ 0.94	11,100	I	Spouse
Common Stock	01/13/2003⁽¹⁾		S		500	D	$ 1.04	10,600	I	Spouse
Common Stock	01/13/2003⁽¹⁾		S		500	D	$ 1.05	10,100	I	Spouse
Common Stock	01/23/2003⁽¹⁾		S		600	D	$ 0.88	9,500	I	Spouse
Common Stock	01/31/2003⁽¹⁾		S		1,000	D	$ 0.91	8,500	I	Spouse
Common Stock	02/04/2003⁽¹⁾		S		1,000	D	$ 0.9	7,500	I	Spouse
Common Stock	02/06/2003⁽¹⁾		S		500	D	$ 1.02	7,000	I	Spouse
Common Stock	02/10/2003⁽¹⁾		S		1,000	D	$ 0.94	6,000	I	Spouse
Common Stock	03/14/2003⁽¹⁾		S		2,000	D	$ 0.79	4,000	I	Spouse
Common Stock	04/02/2003⁽¹⁾		P		1,000	A	$ 1.05	5,000	I	Spouse
Common Stock	04/02/2003⁽¹⁾		P		500	A	$ 1.07	5,500	I	Spouse
Common Stock	05/27/2003⁽¹⁾		S		500	D	$ 1.87	5,000	I	Spouse
Common Stock	06/04/2003⁽¹⁾		S		500	D	$ 1.79	4,500	I	Spouse
Common Stock	07/11/2003⁽¹⁾		S		1,000	D	$ 2.49	3,500	I	Spouse
Common Stock	07/14/2003⁽¹⁾		S		1,000	D	$ 2.72	2,500	I	Spouse
Common Stock	07/17/2003⁽¹⁾		S		500	D	$ 2.97	2,000	I	Spouse
Common Stock	07/21/2003⁽¹⁾		S		1,000	D	$ 3.33	1,000	I	Spouse
Common Stock	09/18/2003⁽¹⁾		S		1,000	D	$ 0.92	0	I	Spouse
Common Stock	01/02/2004⁽²⁾		P		5,000	A	$ 1.79	5,000	I	DG Investors ⁽⁴⁾
Common Stock	02/13/2004⁽²⁾		P		2,000	A	$ 1.5	356,200	D
Common Stock	02/17/2004⁽²⁾		P		2,000	A	$ 1.5	358,200	D
Common Stock	02/17/2004⁽²⁾		P		1,000	A	$ 1.5	1,000	I	Radcliffe Investment Partners ⁽⁴⁾
Common Stock	02/17/2004⁽²⁾		P		1,000	A	$ 1.51	2,000	I	Radcliffe Investment Partners ⁽⁴⁾
Common Stock	02/17/2004⁽²⁾		P		1,000	A	$ 1.49	1,000	I	Spouse ⁽⁴⁾
Common Stock	02/24/2004⁽²⁾		P		2,000	A	$ 1.27	360,200	D
Common Stock	02/25/2004⁽²⁾		P		1,500	A	$ 1.3	3,500	I	Radcliffe Investment Partners ⁽⁴⁾
Common Stock	02/25/2004⁽²⁾		P		2,000	A	$ 1.29	3,000	I	Spouse ⁽⁴⁾
Common Stock	07/20/2004⁽³⁾		S		2,000	D	$ 0.42	358,200	D

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

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
RADCLIFFE DONALD S 19800 MACARTHUR BLVD SUITE 1200 IRVINE, CA 92612	X

Signatures

Gwyn White, Attorney-in-Fact		05/18/2006
^**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)	Transactions not reported in an account owned by my wife. This account is totally segregated financially from my assets and is used exclusively to pay the premiums of a life insurance policy on her life of which the beneficiaries are her sons from a prior marriage.
(2)	Transactions which were opposite to transactions within six months while I was a director. I had erroneously thought that reporting requirements were limited to 90 days following resignation as a director.
(3)	When I returned to the board of Island Pacific after a 9 month absence, I reported my positions in Island Pacific on Form 3 believing that a sale of 4,000 shares had taken place. Later, I learned that the 4,000 shares had not been sold leaving me with a higher position in Island Pacific by 4,000 shares. I then sold the 4,000 share position in two separate transactions. These transactions were inadvertently missed on Form 4.
(4)	The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest in such shares.
Remarks: Report 4 of 5

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