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<P align="center"><FONT size="2">As filed with the Securities and Exchange Commission on&nbsp;April 12, 2002
<div align=right>
Registration No.&nbsp;333-92471
</div></FONT>
<hr size=4>
<P align="center"><FONT size="2"><B>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549<BR><BR>
<hr size=1 width=100 align=center>
<div align=center>FORM S-8<BR>
REGISTRATION STATEMENT<BR>
Under<BR>
The Securities Act of 1933</DIV></B><BR><BR>
<hr size=1 width=100 align=center>
<div align=center><B>DIGITAL ANGEL CORPORATION</B><BR>(Exact Name of Registrant as Specified in Its Charter)</div>
</FONT>
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<TABLE cellspacing="0" border="0" cellpadding="0" width="95%">
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        <TD width="50%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="47%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">Delaware<BR>
(State or Other Jurisdiction of Incorporation or Organization)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
52-1233960<BR>
(I.R.S. Employer Identification No.)</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
        <TD align="center" valign="top"><FONT size="2">490 Villaume Avenue, South St. Paul MN<BR>
(Address of Principal Executive Offices)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
55075<BR>
(Zip Code)</FONT></TD>
</TR>
</TABLE>
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<BR>
<hr size=1 width=100 align=center><BR>
<P align="center"><FONT size="2"><B>DIGITAL ANGEL CORPORATION<BR>
TRANSITION STOCK OPTION PLAN</B>
</FONT>
<P align="center"><FONT size="2">(Full Title of the Plan)<BR>
<BR>
<hr size=1 width=100 align=center>
<div align=center>
Randolph K. Geissler<BR>
President<BR>
490 Villaume Avenue<BR>
South St. Paul, MN 55075<BR>
(Name and Address of Agent for Service)</div>
</FONT>
<P align="center"><FONT size="2">(651)&nbsp;455-1621<BR>
(Telephone Number, Including Area Code, of Agent for Service)<BR>
</FONT>
<BR>
<hr size=1 width=100 align=center>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="97%">
<TR valign="bottom">
        <TD width="20%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
</TR>
<tr><td colspan=17 align=center>
<FONT size="2">CALCULATION OF REGISTRATION FEE</font></td></tr>
<TR valign="bottom">
        <TD colspan=17 nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="left"><FONT size="1"><B>Title of</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Amount</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Proposed</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Proposed</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="left"><FONT size="1"><B>Securities To</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>To Be</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Maximum Offering</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Maximum Aggregate</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="left"><FONT size="1"><B>Be Registered</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Registered</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Price Per Share</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Offering Price</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="left" colspan="3"><FONT size="1"><B>Registration Fee</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD colspan=17 nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Common Stock,<BR>
$0.005 par value</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
5,195,312
</FONT></TD>
        <TD nowrap align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2"></FONT></TD>
        <TD nowrap align="left" valign="top"><FONT size="2">$0.73(1)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2"></FONT></TD>
        <TD align="left" valign="top"><FONT size="2">$2,154,141
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2"></FONT></TD>
        <TD align="left" valign="top"><FONT size="2">$199.00</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD colspan=17 nowrap align="center"><HR size="1" noshade></TD>
</TR>
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      <TD width="1%" align="left" nowrap>(1)<FONT size="2"></FONT></TD>
        <TD width="2%"><FONT size="2"></FONT></TD>
        <TD width="95%"><FONT size="2">Estimated in accordance with Rule&nbsp;457 solely for the purpose of
determining the registration fee. The fee with respect to 2,273,438 shares is
based on $0.05 per share, the price at which these options may be exercised,
the fee with respect to 1,996,875 shares is based on $0.73 per share, the price
at which these options may be exercised, and the fee with respect to 924,999
shares is based on $0.63 per share, the price at which these options may be
exercised.</FONT></TD>
</TR>
<tr><TD width="2%" align="left" nowrap><FONT size="2"></FONT></TD>
</tr>
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<P align="center"><FONT size="2">&nbsp;</FONT>
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<P align="center"><FONT size="2">PART II
</FONT>
<P align="center"><FONT size="2">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
</FONT>
<P><FONT size="2"><B>Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference.</B>
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The documents listed in (a)&nbsp;through (d)&nbsp;below are incorporated by
reference into this Registration Statement. All documents filed by Digital
Angel Corporation (the &#147;Registrant&#148;) with the Securities and Exchange
Commission (the &#147;Commission&#148;) pursuant to Section&nbsp;13(a), 13(c), 14 or 15(d) of
the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) subsequent to the date
of the filing of this Registration Statement and prior to the filing of a
post-effective amendment that indicates that all securities registered
hereunder have been sold, or that de-registers all securities then remaining
unsold, shall be deemed to be incorporated by reference in the Registration
Statement and to be a part hereof from the date of the filing of such
documents.
</FONT>
<P>
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<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">(a)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Registrant&#146;s Annual Report on Form&nbsp;10-KSB
for the fiscal year ended October&nbsp;31,
2001;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">All other reports filed by the Registrant
pursuant to Section&nbsp;13(a) or 15(d) of the Exchange Act since
October&nbsp;31, 2001, including the Registrant&#146;s Form&nbsp;10-QSB for
the quarter ended January&nbsp;31, 2002;</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The Registrant&#146;s Proxy Statement dated February
14, 2002, for its Special Meeting of Stockholders held on
March&nbsp;18, 2002, that was filed with the Commission on February
14, 2002; and</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">(d)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">The description of the Registrant&#146;s common stock
contained in the Form&nbsp;8-A/A Registration Statement filed with
the Commission on August&nbsp;12, 1999 under the Exchange Act,
including any amendment or report filed for the purpose of
updating such description.</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2"><B>Item&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;Description of Securities</B>
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P><FONT size="2"><B>Item&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel.</B>
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The legality of the common stock offered hereby has been passed upon for
the Registrant by Baker &#038; Hostetler LLP, Washington, D.C.
</FONT>
<P align="center"><FONT size="2">II-1</FONT>
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<P><FONT size="2"><B>Item&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers.</B>
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As permitted under the Delaware General Corporation Law, the Registrant&#146;s
Certificate of Incorporation eliminates the personal liability of a director to
the Registrant and its stockholders for monetary damages for breach of
fiduciary duty of care as a director. Liability is not eliminated or limited
for (i)&nbsp;any breach of the director&#146;s duty of loyalty to the Registrant or its
stockholders; (ii)&nbsp;acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law; (iii)&nbsp;unlawful payment of
dividends or stock purchases or redemptions pursuant to Section&nbsp;174 of the
Delaware General Corporation Law; or (iv)&nbsp;any transaction from which the
director derived an improper personal benefit.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant&#146;s bylaws also provide for indemnification of officers,
directors, employees and agents of the Registrant to the full extent allowed by
Delaware law, provided that, in the event of an action or suit by or in the
right of the Registrant, the person shall be indemnified only to the extent of
his expenses (including attorneys&#146; fees) actually and reasonably incurred in
connection with the defense or settlement of the action or suit and not for
judgments, fines or amounts paid in settlement. The Delaware General
Corporation Law authorizes indemnification of officers, directors and persons
serving other entities in certain capacities at the request of the corporation,
subject to certain conditions and limitations set forth therein, against all
expenses and liabilities incurred by or imposed upon them as a result of
actions, suits and proceedings brought against them in such capacity if they
acted in good faith and in a manner they reasonably believed to be in, or not
opposed to, the best interests of the corporation.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant maintains a directors&#146; and officers&#146; insurance policy that
insures the officers and directors of the Registrant from any claim arising out
of an alleged wrongful act by such persons in their respective capacities as
officers and directors of the Registrant.
</FONT>
<P><FONT size="2"><B>Item&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;Exemption From Registration Claimed</B>
</FONT>
<P><FONT size="2">Not applicable.
</FONT>
<P><FONT size="2"><B>Item&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</B>
</FONT>
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        <TD width="6%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="91%">&nbsp;</TD>
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<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Exhibit Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description of Exhibit</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Digital Angel Corporation Transition Stock Option Plan<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">5.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Baker &#038; Hostetler LLP as to legality of the common stock and interests
in the Plan being registered<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of BDO Seidman, LLP<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Baker &#038; Hostetler LLP (included in Opinion filed as Exhibit&nbsp;5 hereto)<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Powers of Attorney (included at page II-4)</FONT></TD>
</TR>
</TABLE>
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<P align="center"><FONT size="2">II-2</FONT>
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<P><FONT size="2"><B>Item&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;Undertakings.</B>
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:
</FONT>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="2%"></TD>
        <TD width="98%"></TD>
</TR>
<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement to
include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act of 1933, as amended (the &#147;Securities Act&#148;), which
reflects any facts or events which, individually or together,
represent a fundamental change in the information in this
Registration Statement, and any material information with respect
to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information
in the Registration Statement;</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time
shall be deemed to be the initial <I>bona fide </I>offering thereof; and</FONT></TD>
</TR>

<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective
amendment any of the securities being registered that remain unsold
at the termination of the offering.</FONT></TD>
</TR>

</TABLE>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant further undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant&#146;s annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the
Exchange Act that is incorporated by reference in the Registration Statement
shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be
deemed to be the initial <I>bona fide </I>offering thereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions or otherwise, the Registrant
has been advised that in the opinion of the Commission such indemnification is
against public policy, as expressed in the Securities Act, and is therefore
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in a
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
</FONT>
<P align="center"><FONT size="2">II-3</FONT>
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<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant. Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form&nbsp;S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of South St. Paul, State of Minnesota, on this 12<SUP>th</SUP> day of April, 2002.
</FONT>
<div align=right>
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
<TR valign="bottom">
        <TD width="100%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><B>DIGITAL ANGEL CORPORATION</B></FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">By:   /s/ Randolph K. Geissler<BR>
</FONT><HR size="1" noshade width=200 align=left><FONT size="2">
Randolph K. Geissler<BR>
President</FONT></TD>
</TR>
</TABLE>
</div>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints Randolph K. Geissler and James P. Santelli, or
either of them, his true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution, for him and in his name, place and
stead, in any and all capacities, to sign any and all post-effective amendments
to this Registration Statement, and to file the same with all exhibits hereto,
and other documents in connection herewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or any of them, or their
or his substitutes may lawfully do or cause to be done by virtue hereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed on April 12, 2002 by the following persons in the
capacities indicated below.
</FONT>
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<TABLE cellspacing="0" border="0" cellpadding="0" width="95%">
<TR valign="bottom">
        <TD width="32%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="63%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Randolph G. Geissler<BR>
</FONT><HR size="1" noshade><FONT size="2">
Randolph G. Geissler</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
President, Chief Executive Officer and Director<BR>
(Principal Executive Officer)</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ James P. Santelli<BR>
</FONT><HR size="1" noshade><FONT size="2">
James P. Santelli</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Vice President Finance and Chief Financial Officer</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Richard J. Sullivan<BR>
</FONT><HR size="1" noshade><FONT size="2">
Richard J. Sullivan</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Kenneth D. Larson<BR>
</FONT><HR size="1" noshade><FONT size="2">
Kenneth D. Larson</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Richard S. Friedland<BR>
</FONT><HR size="1" noshade><FONT size="2">
Richard S. Friedland</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director</FONT></TD>
</TR>
<TR><TD><FONT size="2">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">/s/ Howard S. Weintraub<BR>
</FONT><HR size="1" noshade><FONT size="2">
Howard S. Weintraub</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Director</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">II-4</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="2">EXHIBIT INDEX
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="95%">
<TR valign="bottom">
        <TD width="6%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="91%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Exhibit Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description of Exhibit</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Digital Angel Corporation Transition Stock Option Plan<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">5.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Baker &#038; Hostetler LLP as to legality of the common stock and interests in the
Plan being registered<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of BDO Seidman, LLP<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Baker &#038; Hostetler LLP (included in Opinion filed as Exhibit&nbsp;5 hereto)<BR>&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">24.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Powers of Attorney (included at page II-4)</FONT></TD>
</TR>
</TABLE>
</CENTER>
</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "w59603s-8.htm", "description": "REGISTRATION STATEMENT FORM S-8", "secsgml_size_bytes": 27242}]
{"company-data": {"conformed-name": "DIGITAL ANGEL CORP", "cik": "0000771252", "assigned-sic": "8082", "irs-number": "521233960", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-86116", "film-number": "02609355"}, "business-address": {"street1": "490 VILLAUME AVENUE", "city": "SOUTH ST. PAUL", "state": "MN", "zip": "55075", "phone": "6514551621"}, "mail-address": {"street1": "490 VILLAUME AVENUE", "city": "SOUTH ST. PAUL", "state": "MN", "zip": "55075"}, "former-company": {"former-conformed-name": "MEDICAL ADVISORY SYSTEMS INC", "date-changed": "19920703"}}
s-8
As filed with the Securities and Exchange Commission on April 12, 2002
Registration No. 333-92471
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
DIGITAL ANGEL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation or Organization)
52-1233960
(I.R.S. Employer Identification No.)
490 Villaume Avenue, South St. Paul MN
(Address of Principal Executive Offices)
55075
(Zip Code)
DIGITAL ANGEL CORPORATION
TRANSITION STOCK OPTION PLAN
(Full Title of the Plan)
Randolph K. Geissler
President
490 Villaume Avenue
South St. Paul, MN 55075
(Name and Address of Agent for Service)
(651) 455-1621
(Telephone Number, Including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of
Amount
Proposed
Proposed
Securities To
To Be
Maximum Offering
Maximum Aggregate
Amount of
Be Registered
Registered
Price Per Share
Offering Price
Registration Fee
Common Stock,
$0.005 par value
5,195,312
$0.73(1)
$2,154,141
$199.00
(1)
Estimated in accordance with Rule 457 solely for the purpose of
determining the registration fee. The fee with respect to 2,273,438 shares is
based on $0.05 per share, the price at which these options may be exercised,
the fee with respect to 1,996,875 shares is based on $0.73 per share, the price
at which these options may be exercised, and the fee with respect to 924,999
shares is based on $0.63 per share, the price at which these options may be
exercised.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.    Incorporation of Documents by Reference.
The documents listed in (a) through (d) below are incorporated by
reference into this Registration Statement. All documents filed by Digital
Angel Corporation (the "Registrant") with the Securities and Exchange
Commission (the "Commission") pursuant to Section 13(a), 13(c), 14 or 15(d) of
the Securities Exchange Act of 1934 (the "Exchange Act") subsequent to the date
of the filing of this Registration Statement and prior to the filing of a
post-effective amendment that indicates that all securities registered
hereunder have been sold, or that de-registers all securities then remaining
unsold, shall be deemed to be incorporated by reference in the Registration
Statement and to be a part hereof from the date of the filing of such
documents.
(a)
The Registrant's Annual Report on Form 10-KSB
for the fiscal year ended October 31,
2001;
(b)
All other reports filed by the Registrant
pursuant to Section 13(a) or 15(d) of the Exchange Act since
October 31, 2001, including the Registrant's Form 10-QSB for
the quarter ended January 31, 2002;
(c)
The Registrant's Proxy Statement dated February
14, 2002, for its Special Meeting of Stockholders held on
March 18, 2002, that was filed with the Commission on February
14, 2002; and
(d)
The description of the Registrant's common stock
contained in the Form 8-A/A Registration Statement filed with
the Commission on August 12, 1999 under the Exchange Act,
including any amendment or report filed for the purpose of
updating such description.
Item 4.    Description of Securities
Not applicable.
Item 5.    Interests of Named Experts and Counsel.
The legality of the common stock offered hereby has been passed upon for
the Registrant by Baker & Hostetler LLP, Washington, D.C.
II-1
Item 6.    Indemnification of Directors and Officers.
As permitted under the Delaware General Corporation Law, the Registrant's
Certificate of Incorporation eliminates the personal liability of a director to
the Registrant and its stockholders for monetary damages for breach of
fiduciary duty of care as a director. Liability is not eliminated or limited
for (i) any breach of the director's duty of loyalty to the Registrant or its
stockholders; (ii) acts or omissions not in good faith or which involve
intentional misconduct or a knowing violation of law; (iii) unlawful payment of
dividends or stock purchases or redemptions pursuant to Section 174 of the
Delaware General Corporation Law; or (iv) any transaction from which the
director derived an improper personal benefit.
The Registrant's bylaws also provide for indemnification of officers,
directors, employees and agents of the Registrant to the full extent allowed by
Delaware law, provided that, in the event of an action or suit by or in the
right of the Registrant, the person shall be indemnified only to the extent of
his expenses (including attorneys' fees) actually and reasonably incurred in
connection with the defense or settlement of the action or suit and not for
judgments, fines or amounts paid in settlement. The Delaware General
Corporation Law authorizes indemnification of officers, directors and persons
serving other entities in certain capacities at the request of the corporation,
subject to certain conditions and limitations set forth therein, against all
expenses and liabilities incurred by or imposed upon them as a result of
actions, suits and proceedings brought against them in such capacity if they
acted in good faith and in a manner they reasonably believed to be in, or not
opposed to, the best interests of the corporation.
The Registrant maintains a directors' and officers' insurance policy that
insures the officers and directors of the Registrant from any claim arising out
of an alleged wrongful act by such persons in their respective capacities as
officers and directors of the Registrant.
Item 7.    Exemption From Registration Claimed
Not applicable.
Item 8.    Exhibits.
Exhibit Number
Description of Exhibit
4.1
Digital Angel Corporation Transition Stock Option Plan
5.1
Opinion of Baker & Hostetler LLP as to legality of the common stock and interests
in the Plan being registered
23.1
Consent of BDO Seidman, LLP
23.2
Consent of Baker & Hostetler LLP (included in Opinion filed as Exhibit 5 hereto)
24.1
Powers of Attorney (included at page II-4)
II-2
Item 9.    Undertakings.
The undersigned Registrant hereby undertakes:
(1)      To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement to
include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933, as amended (the "Securities Act"), which
reflects any facts or events which, individually or together,
represent a fundamental change in the information in this
Registration Statement, and any material information with respect
to the plan of distribution not previously disclosed in the
Registration Statement or any material change to such information
in the Registration Statement;
(2)      That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time
shall be deemed to be the initial
bona fide
offering thereof; and
(3)      To remove from registration by means of a post-effective
amendment any of the securities being registered that remain unsold
at the termination of the offering.
The undersigned Registrant further undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act that is incorporated by reference in the Registration Statement
shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be
deemed to be the initial
bona fide
offering thereof.
Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions or otherwise, the Registrant
has been advised that in the opinion of the Commission such indemnification is
against public policy, as expressed in the Securities Act, and is therefore
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Registrant of expenses incurred or
paid by a director, officer or controlling person of the registrant in a
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the Registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.
II-3
SIGNATURES
The Registrant. Pursuant to the requirements of the Securities Act, the
Registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form S-8 and has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of South St. Paul, State of Minnesota, on this 12
th
day of April, 2002.
DIGITAL ANGEL CORPORATION
By:   /s/ Randolph K. Geissler
Randolph K. Geissler
President
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below constitutes and appoints Randolph K. Geissler and James P. Santelli, or
either of them, his true and lawful attorneys-in-fact and agents, with full
power of substitution and resubstitution, for him and in his name, place and
stead, in any and all capacities, to sign any and all post-effective amendments
to this Registration Statement, and to file the same with all exhibits hereto,
and other documents in connection herewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of them,
full power and authority to do and perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully to all
intents and purposes as he might or could do in person, hereby ratifying and
confirming all that said attorneys-in-fact and agents, or any of them, or their
or his substitutes may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration
Statement has been signed on April 12, 2002 by the following persons in the
capacities indicated below.
Signature
Title
/s/ Randolph G. Geissler
Randolph G. Geissler
President, Chief Executive Officer and Director
(Principal Executive Officer)
/s/ James P. Santelli
James P. Santelli
Vice President Finance and Chief Financial Officer
/s/ Richard J. Sullivan
Richard J. Sullivan
Director
/s/ Kenneth D. Larson
Kenneth D. Larson
Director
/s/ Richard S. Friedland
Richard S. Friedland
Director
/s/ Howard S. Weintraub
Howard S. Weintraub
Director
II-4
EXHIBIT INDEX
Exhibit Number
Description of Exhibit
4.1
Digital Angel Corporation Transition Stock Option Plan
5.1
Opinion of Baker & Hostetler LLP as to legality of the common stock and interests in the
Plan being registered
23.1
Consent of BDO Seidman, LLP
23.2
Consent of Baker & Hostetler LLP (included in Opinion filed as Exhibit 5 hereto)
24.1
Powers of Attorney (included at page II-4)