FORM 4
[ X ] 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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

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/YYYY)

3/15/2011
(Street)

MINNEAPOLIS, MN 55402
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   6/6/2011     X    10000   A $0.51   10000   D    
Common stock, par value $.001   6/20/2011     S    3000   D $1.2115   7000   D    
Common stock, par value $.001   6/21/2011     S    1000   D $1.1196   6000   D    
Common stock, par value $.001   6/22/2011     S    1000   D $1.1346   5000   D    
Common stock, par value $.001   6/24/2011     S    900   D $1.1207   4100   D    
Common stock, par value $.001   6/27/2011     S    3000   D $1.1982   1100   D    
Common stock, par value $.001   6/28/2011     S    1100   D $1.2269   0   D    
Common stock, par value $.001   6/30/2011     X    20000   A $0.51   20000   D    
Common stock, par value $.001   7/21/2011     S    2000   D $1.0898   18000   D    
Common stock, par value $.001   7/22/2011     S    2000   D $1.0898   16000   D    
Common stock, par value $.001   11/23/2011     S    2000   D $0.5598   14000   D    
Common stock, par value $.001   12/13/2011     S    2000   D $0.6598   12000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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   3/15/2011     A      800000       3/15/2011   5/18/2014   Common stock, par value $.001   800000   $0   800000   D    
Stock Option (right to buy)   (2) $0.51   3/15/2011     A      750000       3/15/2011   5/18/2014   Common stock, par value $.001   750000   $0   1550000   D    
Stock Option (right to buy)   $0.51   6/6/2011     X         10000    3/15/2011   5/18/2014   Common stock, par value $.001   10000   $0   1540000   D    
Stock Option (right to buy)   $0.51   6/30/2011     X         20000    3/15/2011   5/18/2014   Common stock, par value $.001   20000   $0   1520000   D    

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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FLECHNER STEPHEN E
900 IDS CENTER
80 SOUTH EIGHTH STREET
MINNEAPOLIS, MN 55402

President

Signatures
/s/Stephen E. Flechner 4/30/2012
** Signature of Reporting Person Date


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 control number.
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