Sec Form 4 Filing - Olsen Chad @ SecureAlert, Inc. - 2014-02-21

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 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

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person Olsen Chad 2. Issuer Name and Ticker or Trading Symbol SecureAlert, Inc. [ SCRA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Financial Officer (Last) (First) (Middle) 150 WEST CIVIC CENTER DRIVE, SUITE 400 3. Date of Earliest Transaction (MM/DD/YY) 02/21/2014 (Street) SANDY, UT84070 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Common Stock 02/21/2014 S 5,134 D $ 19 0 D Common Stock 02/21/2014 A 5,152 A 5,152 D

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Series D Convertible Preferred Stock ( 1 ) 02/21/2014 D 63 ( 2 ) ( 2 ) Common Stock ( 1 ) ( 1 ) 144 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Olsen Chad 150 WEST CIVIC CENTER DRIVE, SUITE 400 SANDY, UT84070 Chief Financial Officer Signatures /s/ Chad Olsen 02/25/2014 Signature of Reporting Person Date

Explanation of Responses:

( 1 )As disclosed in issuer's most recent Annual Report on Form 10-K, issuer and the Reporting Person entered into a letter agreement dated November 13, 2013 ("Letter Agreement") pursuant to which issuer agreed to redeem shares of Series D Convertible Preferred Stock held by the Reporting Person in one or more transactions for the number of shares of issuer's Common Stock equal to the product of 155% of the Reporting Person's original investment in the redeemed Series D Convertible Preferred Stock divided by the current trading price per share of the Common Stock at the time of redemption. The trading price per share of the Common Stock at the time of the reported redemption was $19.00. Thus, although the 63 shares of Series D Convertible Preferred Stock were originally convertible into 1,890 shares of Common Stock, pursuant to the terms of the Letter Agreement, such shares of Series D Convertible Preferred Stock were redeemed for 5,152 shares of Common Stock. ( 2 )The Series D Convertible Preferred Stock were originally convertible beginning on April 13, 2010, and had no expiration date; however, under the terms of the Letter Agreement, all of the Series D Convertible Preferred Stock held by the Reporting Person must be redeemed before the issuer's next annual meeting.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.