U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 1. Name and Address of Reporting Person: David P. Martin, 705 Yucca Street, Boulder City, NV 89005 2. Date of Event Requiring Statement (Month/Date/Year): 10/28/02 3. IRS or Social Security Number of Reporting Person (Voluntary): 4. Issuer Name and Ticker or Trading Symbol: Amerityre Corporation (AMTY) 5. Relationship of Reporting Person(s) to Issuer (Check all Applicable) ( ) Director (X) Officer, give title below ( ) 10% Owner ( ) Other Title: Vice-president 6. If Amendment, Date of Original (Month/Day/Year): 7. Individual or Joint/Group Filing (Check Applicable Line) (x) Form filed by One Reporting Person ( ) Form filed by More than One Reporting Person TABLE I - Non-Derivative Securities Beneficially Owned 1. Title of Security: Common Stock 2. Amount of Securities Beneficially Owned: 163,629 3. Ownership Form: Direct(D)or Indirect(I): (D) 157,629 (I) 6,000 4. Nature of Indirect Beneficial Ownership: shares owned by spouse of which David P. Martin may be deemed to have beneficial ownership TABLE II - Derivative Securities Beneficially Owned 1. Title of Derivative Security: Option 2. Date Exercisable (Month/Day/Year): April 1, 2002 Expiration Date(Month/Day/Year): April 1, 2005 3. Title: Common Stock Amount of Securities Underlying Derivative Security (Amount of Number of shares): 20,000 shares 4. Conversion or Exercise Price of Derivative Security: $4.00 per share 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I): (D) 6. Nature of Indirect Beneficial Ownership: Explanation of Responses: Amerityre filed a Form 8-A registration statement on October 28, 2002 pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended. Signature of Reporting Person: /S/David P. Martin Date: 10/9/02