Metal Storm Ltd /Adr/ - Report of Foreign Issuer (6-K)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2008

Commission File Number 000-31212


Metal Storm Limited
(Translation of registrant’s name into English)


Building 4, 848 Boundary Road, Richlands,
Queensland, Australia 4077
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
þ Form 20-F o Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: o Yes þ No

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a

Appendix 3Y
Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.


Name of entity Metal Storm Limited


ABN 99 064 270 006

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.


Name of Director		Peter David Jonson


Date of last notice		9 August 2006

Part 1 — Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.


Direct or indirect interest		Indirect


Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Director and shareholder of PEJ Nominees Pty Ltd ATF Jonson Family Trust


Date of change		28 May 2008


No. of securities held prior to change		340,000


Class		Fully paid Ordinary Shares


Number acquired		340,000


Number disposed		N.A.


Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$21,103


No. of securities held after change		680,000


+ See chapter 19 for defined terms.

11/3/2002		Appendix 3Y Page 1

Appendix 3Y
Change of Director’s Interest Notice


Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		On market trade

Part 2 — Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.


Detail of contract		N.A.


Nature of interest


Name of registered holder (if issued securities)


Date of change


No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed


Interest acquired


Interest disposed


Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation


Interest after change


+ See chapter 19 for defined terms.

Appendix 3Y Page 2		11/3/2002

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.