UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, DC 20549

~~FORM~~Form 8-K

CURRENT REPORT

~~Pursuant~~PURSUANT toTO ~~Section~~ SECTION 13 orOR 15(d) ofOF ~~the~~THE ~~Securities~~SECURITIES ~~Exchange~~EXCHANGE ~~Act~~ACT ofOF 1934

~~July 2,~~Date ~~2007~~of report (date of earliest event reported):

~~Date~~December of14, ~~report~~2007 ~~(date of earliest event reported)~~

SAFLINK CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	0-20270	95-4346070
(State or other jurisdictionof incorporation)	(Commission File Number)	(I.R.S. EmployerIdentification No.)
(State or other jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

12413 Willows Road NE, Suite 300

Kirkland, Washington 98034

(Address of principal executive offices)~~(Zip code)~~

(425) 278-1100

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

As used in this current report on Form 8-K, unless the context otherwise requires, the terms “we,” “us,” “the Company,” and “Saflink” refer to Saflink Corporation, a Delaware corporation.

Item 3 1.0201. ~~Unregistered~~Entry ~~Sales~~into ofa ~~Equity~~Material ~~Securities~~Definitive Agreement.

~~As previously~~On ~~disclosed~~December 14, 2007, we ~~issued~~amended ~~and~~the ~~sold~~Notes ~~$8.0~~Conversion Agreement, ~~million~~dated ~~aggregate~~as ~~principal~~of ~~amount~~November 1, 2007, with Richard P. Kiphart, a member of our 8%board ~~convertible~~of ~~debentures~~directors. inThe anamendment ~~exempt~~allows ~~private~~us ~~offering,~~to ~~which~~declare ~~was~~a ~~completed~~dividend onpayable ~~June~~to holders of shares of our common stock before Mr. ~~12,~~Kiphart’s ~~2006~~outstanding promissory notes have been converted into shares of our common stock. OnWe ~~April~~have also agreed to pay Mr. 16Kiphart, ~~2007~~upon conversion of his promissory notes into our common stock, ~~approximately~~a ~~$1.6~~cash ~~million~~payment in ~~outstanding~~ ~~convertible~~an ~~debenture~~amount ~~principal~~determined ~~was~~by ~~assigned~~a toformula ~~our~~based ~~wholly-owned~~on ~~subsidiary~~the number of shares of FLO Corporation ~~from~~common ~~certain~~stock ~~debenture~~that ~~holders~~Mr. Kiphart Inwould ~~connection~~have ~~with~~received ~~these~~had ~~assignments,~~our spin-off of FLO Corporation ~~has~~common ~~agreed~~stock to ~~postpone~~our ~~all~~stockholders ~~redemption~~occurred ~~and~~after ~~interest~~conversion ~~payments related~~of tothe ~~these~~promissory ~~debentures~~notes. The ~~debentures~~conversion ~~are~~of ~~subject~~Mr. Kiphart’s outstanding topromissory anotes ~~mandatory~~into ~~monthly~~shares ~~redemption~~of atour common stock and the ~~rate~~corresponding ofcash ~~1/12~~payment ofto ~~the~~Mr. Kiphart ~~original~~continues ~~principal~~to ~~amount~~be ~~plus~~at ~~accrued~~our ~~but~~discretion ~~unpaid~~at ~~interest~~any ontime prior to the ~~debentures,~~closing ~~which~~of ~~commenced~~the onproposed ~~December 1~~merger with IdentiPHI, ~~2006~~Inc., ~~Pursuant~~and toremains subject to the ~~terms~~approval by our stockholders of ~~the~~an ~~debentures,~~amendment weto ~~have~~our ~~issued~~certificate ~~shares~~of incorporation to increase the number of ~~our~~shares of common stock aswe ~~follows:~~are authorized to issue.

~~On June~~Item ~~29, 2007, we notified the debenture holders that we would be paying the July 2007 redemption amount due in a combination consisting of 50% cash and 50% shares of our common stock~~8. On July 2, 2007, we issued 6,953,628 shares of our common stock to the debenture holders, which when added to the 972,248 shares of our common stock that we issued to current debenture holders on June 4, 2007, represents an aggregate of 7,925,876 shares of our common stock issued in payment of 50% of the $437,508 July 2007 monthly redemption amount01. ~~The~~ ~~other~~Other ~~50% of the July 2007 redemption amount, or $218,754, was paid in cash~~Events.

InOn ~~addition, on June~~December 2914, 2007, weour ~~notified~~board ~~the debenture holders~~ of ~~our~~directors ~~election~~declared toa ~~pay~~special in-kind ~~future~~dividend ~~interest~~of ~~payments~~shares ~~under~~of ~~the~~FLO ~~debentures~~Corporation into ~~cash~~Saflink’s ~~until~~stockholders ~~revised~~to byeffect a ~~subsequent~~pro ~~notice.~~rata ~~Therefore,~~spin-off noof all of the shares of FLO Corporation common stock ~~were~~owned ~~issued~~by Saflink. The record date for the ~~July~~special dividend will be December 124, 2007, ~~interest~~and we expect the payment date for the special dividend to be January 7, 2008.

~~Lastly,~~The wespecial ~~did~~dividend ~~not~~rate ~~elect~~will tobe ~~pay~~set at the record ~~debenture~~date, ~~holder~~but is expected to be in an amount of 0.0111684 shares of FLO Corporation common stock for each share of our common stock held as of the ~~monthly~~record ~~redemption~~date. ~~amount~~Our ~~due~~stockholders onwill ~~August 1,~~not ~~2007~~receive fractional shares of FLO Corporation common stock in the distribution. As a result, we ~~are~~no ~~not~~stockholder ~~obligated~~holding tofewer ~~issue~~than ~~any~~90 shares of our common stock toas beof ~~applied~~the ~~against~~record date will receive shares of FLO Corporation common stock in the ~~August~~spin-off. ~~2007~~Rather ~~monthly~~than ~~redemption~~distribute ~~amount~~fractional shares, the distribution agent will combine the fractions, sell the shares in the open market and distribute the proceeds to our stockholders who would have received fractional shares. The distribution agent will, at its sole discretion and without influence by us or FLO Corporation, determine when, how, through which broker-dealer and at what price to make these sales.

~~The~~We ~~shares~~ believe the distribution of FLO Corporation common stock ~~were~~and ~~offered~~cash instead of fractional shares will be a taxable distribution, treated first as a dividend to the extent of our 2008 earnings and ~~sold~~profits, then as a return of capital to the extent of the stockholder’s adjusted tax basis in ~~reliance~~the onSaflink ~~exemptions~~common ~~from~~stock, ~~registration~~and ~~pursuant~~thereafter as capital gain. We will provide sufficient information to ~~Section 4(2)~~our stockholders to inform stockholders of the value of the FLO Corporation common stock distributed and the amount, if any, of dividend income. A distribution can be characterized as a dividend based on the distribution being treated as made out of either the corporation’s accumulated earnings and profits or, under the ~~Securities~~so-called ~~Act~~“nimble dividend” rule, out of ~~1933~~the earnings and profits of the corporation’s taxable year in which the distribution is made, computed as ~~amended~~of the end of the corporation’s taxable year, even if accumulated earnings and ~~Rule~~profits ~~506~~are ~~promulgated~~a ~~thereunder~~deficit. Saflink believes that it does not currently have any accumulated earnings and profits for U.S. federal income tax purposes, and that it will not have any accumulated earnings and profits as of the dividend payment date in ~~reliance~~January 2008. A distribution in January 2008 can, however, be treated as a dividend if Saflink has earnings and profits for its 2008 taxable year, computed as of the end of its taxable year on ~~similar~~December ~~exemptions~~31, ~~under~~2008. ~~applicable~~Although Saflink does not anticipate 2008 earnings and profits, it will not be known until December ~~state~~31, ~~securities~~2008, ~~laws~~whether Saflink will have any current year earnings and profits supporting characterization of any amounts as ordinary dividend income.

2A copy of the press release announcing the special dividend is attached as Exhibit 99.1 to this current report and is incorporated herein by reference in its entirety.

Item 9.01. Financial Statements and Exhibits.


Exhibit No.		Description
99.1		Saflink Corporation Press Release dated December 20, 2007.

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 hereunto duly authorized.

	Saflink Corporation
	SAFLINK CORPORATION
Dated: July 3, 2007	By:	/s/ Jeffrey T. Dick
Dated: December 20, 2007	By:	/s/ Jeffrey T. Dick
	Name:	Jeffrey T. Dick
		Jeffrey T. Dick Chief Financial Officer
	Title:	Chief Financial Officer

Filing Compare · IdentiPHI, Inc.