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Default Sumproduct "not equal"

The sumproduct formula does not provide the correct answer.

J=I&C
H=Blank
Search B3:B3270 for "Phase I"
Search B3:B3270 for "Formual"
If M3:M3270 = "D" do not count

Here is my formula
=SUMPRODUCT((J3:J3270="I&C")*(H3:H3270="")*((ISNUM BER(SEARCH("Phase
I",B3:B3270))+(ISNUMBER(SEARCH("Formal",B3:B3270)) )*(M3:M3270<"D"))))
 
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