Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
CALVERT DENNIS P
   2. Issuer Name and Ticker or Trading Symbol
BIOLARGO, INC. [BLGO] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and C.E.O.
(Last)
(First)
(Middle)
2603 MAIN STREET, SUITE 1155		 3. Date of Earliest Transaction (Month/Day/Year)
04/27/2009
(Street)

IRVINE, CA 92614		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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 (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 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 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
Option to Purchase Common Stock $ 0.55 04/27/2009   A   60,000   04/27/2009 04/27/2012 Common Stock 60,000 $ 0 (1) 7,993,259 D  
Option to Purchase Common Stock $ 0.55 04/27/2009   A   691,974   04/27/2009 04/27/2012 Common Stock 691,974 $ 0 8,685,233 (2) I By New Millennium Capital Partners, LLC

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CALVERT DENNIS P
2603 MAIN STREET
SUITE 1155
IRVINE, CA 92614		   X     President and C.E.O.  
New Millennium Capital Partners, LLC
2603 MAIN STREET
SUITE 1155
IRVINE, CA 92614		       Calvert controlled entity

Signatures

 Dennis P. Calvert   05/04/2009
**Signature of Reporting Person Date
 Dennis P. Calvert, Manager   05/04/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) In exchange for the option to purchase common stock reported herein, Mr. Calvert reduced the amounts owed to him by the Issuer for accrued and unpaid compensation by $20,000.
(2) Of this amount, options to purchase an aggregate 7,993,259 shares of common stock are held directly by Mr. Calvert, the President and Chief Executive Officer of the Issuer, and an option to purchase 691,974 shares of common stock are held indirectly, by New Millennium Capital Partners, LLC, a Nevada limited liability company controlled by Mr. Calvert.

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