SEC FORM 5

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

NITZE WILLIAM A

(Last)

(First)

(Middle)

1785 MASSACHUSETTS AVE

SUITE 100

(Street)

WASHINGTON

20036

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HIENERGY TECHNOLOGIES INC [ HIET ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
04/30/2005

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001	04/30/2002	04/25/2002	A ^{( 12 )}	111,762	A	$0 ^{( 1 )}	111,762	D
Common Stock, par value $0.001	09/07/2004		P4	71,739	A	$0.46 ^{( 2 )}	183,501	D
Common Stock, par value $0.001	04/29/2005	05/12/2004	A4	3,000	A	$0 ^{( 3 )}	186,501	D
Common Stock, par value $0.001	04/29/2005	08/11/2004	A4	3,000	A	$0 ^{( 4 )}	189,501	D
Common Stock, par value $0.001	04/29/2005	09/21/2004	A4	3,000	A	$0 ^{( 4 )}	192,501	D
Common Stock, par value $0.001	04/29/2005	10/25/2004	A4	3,000	A	$0 ^{( 4 )}	195,501	D
Common Stock, par value $0.001	04/29/2005	11/05/2004	A4	3,000	A	$0 ^{( 4 )}	198,501	D
Common Stock, par value $0.001	04/29/2005	11/12/2005	A4	3,000	A	$0 ^{( 4 )}	201,501 ^{( 5 )}	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-qualified Option	$1.25	11/07/2003		A ^{( 12 )}	60,000		11/07/2004	11/07/2009	Common Stock	60,000	$0 ^{( 6 )}	60,000	D
Non-qualified Option	$1.25	11/07/2003		A ^{( 12 )}	10,000		11/07/2004	11/07/2009	Common Stock	10,000	$0 ^{( 6 )}	70,000	D
Non-qualified Option	$1.42	03/10/2004		A ^{( 12 )}	12,000		03/10/2005	03/10/2010	Common Stock	12,000	$0 ^{( 6 )}	12,000	D
Non-qualified Option	$1.14	08/05/2004		4A	100,000		^{( 7 )}	08/05/2010	Common Stock	100,000	$0 ^{( 9 )}	100,000	D
Non-qualified Option	$1.04	11/05/2004		4A	15,000		^{( 8 )}	11/05/2010	Common Stock	15,000	$0 ^{( 10 )}	15,000	D
Warrants	$1	09/07/2004		4P	23,913		09/07/2004	03/07/2008	Common Stock	23,913	$0 ^{( 11 )}	23,913	D

Explanation of Responses:

1. Reporting person acquired shares in connection with exercise of exchange rights upon closing of merger between SLW Enterprises, Inc and Hienergy Microdevices, each share of Microdevices for 22.354 Shares of HiEnergy Technologies.

2. Shares issued in connection with private placement, together with warrants to purchase 23,913 shares at $1.00 per share.

3. Shares granted for attendance at Directors' meeting for HiEnergy Defense, Inc. on the date specified (2A).

4. Shares granted for attendance at Directors' meeting for HiEnergy Technologies on the date specified (2A).

5. This line reports end of period holdings in specified class of securities.

6. Options grant for service as Director of HiEnergy Defense, Inc.

7. 50% exercisable 2/5/2005, all exercisable 8/5/2005, if vested.

8. 50% exercisable 5/5/2005, all exercisable 11/5/2005, if vested.

9. Annual option grant for services as Director of HiEnergy Technologies exercisable at market price of common stock on grant date.

10. Annual option grant for services on Compensation Committee of HiEnergy Technologies, exercisable at market price of common stock on grant date.

11. Warrants issued in connection with private placement.

12. This line reports holding which should have been initially reported on Form 3 (Code A3)

	/s/ William Nitze	07/20/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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