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 *
ARCH HILL CAPITAL NV
   2. Issuer Name and Ticker or Trading Symbol
LITHIUM TECHNOLOGY CORP [LTHU] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
PARKWEG 2, 2585 JJ'S-GRAVENHAGE		 3. Date of Earliest Transaction (Month/Day/Year)
02/28/2008
(Street)

P7 		 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
Common Stock               148,568,284 I Held by Stichting Gemeensch-appelijk Bezit LTC (1)
Common Stock               40,718,526 D  
Common Stock 02/28/2008   P V 302,714,400 A $ 0 (2) 302,714,400 D  

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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
Series C Preferred Stock $ 0.1 11/28/2007 11/28/2007 P   11,280   11/28/2007 11/28/2008 Common Stock 28,200,000 $ 2,820,000 11,280 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC
Series B Preferred Stock $ 0             10/21/2005 10/21/2007 Common Stock 264,103,114   264,103,114 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC
Warrants $ 0.38             10/21/2005 10/21/2010 Common Stock 2,205,262   2,205,262 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC
Warrants $ 0.0625             08/30/2004 08/30/2008 Common Stock 17,050,000   17,050,000 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC
Warrants $ 0.075             08/30/2004 08/30/2008 Common Stock 17,050,000   17,050,000 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC
Warrants $ 0.0625             08/30/2004 08/30/2008 Common Stock 18,400,000   18,400,000 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC
Warrants $ 0.075             08/30/2004 08/30/2008 Common Stock 18,400,000   18,400,000 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC
Warrants $ 2             04/13/2004 04/13/2009 Common Stock 1,500,000   1,500,000 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC
Warrants $ 2.4             04/13/2004 04/13/2009 Common Stock 9,889,625   9,889,625 I (1) Held by Stichting Gemeen-schappelijk Bezit LTC

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ARCH HILL CAPITAL NV
PARKWEG 2
2585 JJ'S-GRAVENHAGE
P7 		     X    
Stichting Gemeenschappelijk Bezit LTC
PARKWEG 2
2585 JJ'S-GRAVENHAGE
P7 		     X    

Signatures

 /s/ C. van den Berg   03/04/2008
**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) Held by Stichting Gemeenschappelijk Bezit LTC, an entity controlled by Arch Hill Capital, NV.
(2) On February 28, 2008, the Issuer, GAIA Akkumulatorenwerke GmbH ("GAIA"), Arch Hill Ventures N.V., Arch Hill Real Estate N.V. and Arch Hill Capital N.V. (collectively, the "Debtholders") executed a Debt Settlement Agreement dated February 27, 2008. Pursuant to the Agreement $5,773,707 of debt owed by LTC and GAIA to the Debtholders was settled. LTC agreed to issue to Arch Hill Capital N.V. 302,714,400 shares of LTC common stock in full and complete settlement of the Debt (the "Debt Settlement").

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