UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

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Rule 13d-1(b)

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Rule 13d-1(c)

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Rule 13d-1(d)

CUSIP No.  910900208

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Joseph J. Grano, Jr.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

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(b)

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3.

SEC Use Only

4.

Citizenship or Place of Organization
U.S.A.

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
1,481,900

6.

Shared Voting Power 
0

7.

Sole Dispositive Power 
1,481,900

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,481,900

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
6.6%

12.

Type of Reporting Person (See Instructions)
IN

Item 1.

(a)

Name of Issuer
Amerityre Corporation

(b)

Address of Issuer’s Principal Executive Offices
1501 Industrial Road

Boulder City NV, 89005

Item 2.

(a)

Name of Person Filing
Joseph J. Grano, Jr.

(b)

Address of Principal Business Office or, if none, Residence
Joseph J. Grano, Jr.
Centurion Holdings LLC
1185 Avenue of the Americas Suite 2250
New York, NY 10036

(c)

Citizenship
United States of America

(d)

Title of Class of Securities
Common Stock, par value $0.001 per share

(e)

CUSIP Number
03073V107

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable

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:   

1,481,900 (1)

(b)

Percent of class:   

6.6% (2)

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote    

1,481,900 (1)

(ii)

Shared power to vote or to direct the vote    

0

(iii)

Sole power to dispose or to direct the disposition of   

1,481,900 (1)

(iv)

Shared power to dispose or to direct the disposition of   

0

(1)   Consists of 155,520 shares of Common Stock, 1,300,000 shares of Common Stock issuable upon the exercise of a stock option and 26,380 shares of Common Stock issuable upon the exercise of warrants.

(2)   Based on 20,988,580 Shares of Common Stock issued and outstanding as reported in the Form 10-Q of the Issuer filed on February 9, 2006, plus 1,326,380 shares of Common Stock issuable upon the exercise of the warrants and stock option held by Mr. Grano.

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

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 or Control Person

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.

Certification

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.

February 14, 2006

Date

/s/ Joseph J. Grano, Jr

Signature

Joseph J. Grano, Jr.

Name/Title