Sec Form 4 Filing - FLECHNER STEPHEN E @ Standard Gold - 2011-03-15

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

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1. Name and Address of Reporting Person FLECHNER STEPHEN E 2. Issuer Name and Ticker or Trading Symbol Standard Gold [ SDGR.OB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President (Last) (First) (Middle) 900 IDS CENTER, 80 SOUTH EIGHTH STREET 3. Date of Earliest Transaction (MM/DD/YY) 03/15/2011 (Street) MINNEAPOLIS, MN55402 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, par value $.001 06/06/2011 X 10,000 A $ 0.51 10,000 D Common stock, par value $.001 06/20/2011 S 3,000 D $ 1.2115 7,000 D Common stock, par value $.001 06/21/2011 S 1,000 D $ 1.1196 6,000 D Common stock, par value $.001 06/22/2011 S 1,000 D $ 1.1346 5,000 D Common stock, par value $.001 06/24/2011 S 900 D $ 1.1207 4,100 D Common stock, par value $.001 06/27/2011 S 3,000 D $ 1.1982 1,100 D Common stock, par value $.001 06/28/2011 S 1,100 D $ 1.2269 0 D Common stock, par value $.001 06/30/2011 X 20,000 A $ 0.51 20,000 D Common stock, par value $.001 07/21/2011 S 2,000 D $ 1.0898 18,000 D Common stock, par value $.001 07/22/2011 S 2,000 D $ 1.0898 16,000 D Common stock, par value $.001 11/23/2011 S 2,000 D $ 0.5598 14,000 D Common stock, par value $.001 12/13/2011 S 2,000 D $ 0.6598 12,000 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 Stock Option (right to buy) ( 1 ) $ 0.9 03/15/2011 A 800,000 03/15/2011 05/18/2014 Common stock, par value $.001 800,000 $ 0 800,000 D Stock Option (right to buy) ( 2 ) $ 0.51 03/15/2011 A 750,000 03/15/2011 05/18/2014 Common stock, par value $.001 750,000 $ 0 1,550,000 D Stock Option (right to buy) $ 0.51 06/06/2011 X 10,000 03/15/2011 05/18/2014 Common stock, par value $.001 10,000 $ 0 1,540,000 D Stock Option (right to buy) $ 0.51 06/30/2011 X 20,000 03/15/2011 05/18/2014 Common stock, par value $.001 20,000 $ 0 1,520,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other FLECHNER STEPHEN E 900 IDS CENTER 80 SOUTH EIGHTH STREET MINNEAPOLIS, MN55402 President Signatures /s/Stephen E. Flechner 04/30/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )266,667 shares vest on each of April 1, 2010 and April 1, 2011 and 266,666 shares vest on April 1, 2012. On March 15, 2011, this stock option was amended to accelerate the vesting of all 800,000 shares on March 15, 2011. On June 1, 2011, this stock option was further amended to extend the expiration date of the stock option to May 18, 2014. ( 2 )62,500 shares vest quarterly on each of January 21, 2011, April 1, 2011, July 1, 2011, October 1, 2011, January 1, 2012, April 1, 2012, July 1, 2012, October 1, 2012, January 1, 2013, April 1, 2013, July 1, 2013, and October 1, 2013.This stock option was amended on March 15, 2011 to accelerate the vesting of all 750,000 shares on March 15, 2011. This stock option was further amended on June 1, 2011 to extend the expiration date of the stock option to May 18, 2014.

Remarks: The Reporting Person resigned as President of Standard Gold, effective May 19, 2011.

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).

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