FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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 *   MCPHEELY BERNARD M 2. Date of Event Requiring Statement (Month/Day/Year) 08/13/2012 3. Issuer Name and Ticker or Trading Symbol Scio Diamond Technology Corp [SCIO] (Last) (First) (Middle) 411 UNIVERSITY RIDGE, SUITE D 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) GREENVILLE, SC 29601 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 250,000 I By Self as Trustee for Bernard M. McPheely Revocable Trust u/a DTD May 25, 2012

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (Right to Buy Common Stock)	  (1)	  (2)	Common Stock	250,000	$ 1.6	I	By Self as Trustee for Bernard M. McPheely Revocable Trust u/a DTD May 25, 2012

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MCPHEELY BERNARD M 411 UNIVERSITY RIDGE, SUITE D GREENVILLE, SC 29601	  X	Â	Â	Â

Signatures

Bernard M. McPheely by Nelson Mullins Riley & Scarborough LLP with Power of Attorney		08/15/2012
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	The warrants were issued pursuant to a staged investment in the Company by the Bernard M. McPheely Revocable Trust u/a DTD May 25, 2012, of which Mr. McPheely is the trustee, and therefore have varying issuance dates beginning in May 2012 through August 2012. The warrants were immediately exercisable upon issuance.
(2)	All such warrants have a three-year term, which expires upon the third anniversary of the respective issuance.

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