4//SEC Filing
PESSIN NORMAN H 4
Accession 0001140361-21-030354
CIK 0001396536other
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 2:51 PM ET
Size
15.7 KB
Accession
0001140361-21-030354
Insider Transaction Report
Form 4
Pessin Brian L.
10% Owner
Transactions
- Purchase
Series C Convertible Preferred Stock
2021-02-26$1000.00/sh+1,500$1,500,000→ 1,500 totalExercise: $5.50→ Common Stock (272,727 underlying) - Purchase
Series C Convertible Preferred Stock
2021-02-26$1000.00/sh+500$500,000→ 500 totalExercise: $5.50→ Common Stock (90,909 underlying)
Holdings
- 102,972
Common Stock
- 1,705
Series B Convertible Preferred Stock
Exercise: $7.00→ Common Stock (243,572 underlying) - 71,430
Common Stock
- 75,002
Common Stock
PESSIN SANDRA F
10% Owner
Transactions
- Purchase
Series C Convertible Preferred Stock
2021-02-26$1000.00/sh+1,500$1,500,000→ 1,500 totalExercise: $5.50→ Common Stock (272,727 underlying) - Purchase
Series C Convertible Preferred Stock
2021-02-26$1000.00/sh+500$500,000→ 500 totalExercise: $5.50→ Common Stock (90,909 underlying)
Holdings
- 1,705
Series B Convertible Preferred Stock
Exercise: $7.00→ Common Stock (243,572 underlying) - 102,972
Common Stock
- 71,430
Common Stock
- 75,002
Common Stock
PESSIN NORMAN H
10% Owner
Transactions
- Purchase
Series C Convertible Preferred Stock
2021-02-26$1000.00/sh+500$500,000→ 500 totalExercise: $5.50→ Common Stock (90,909 underlying) - Purchase
Series C Convertible Preferred Stock
2021-02-26$1000.00/sh+1,500$1,500,000→ 1,500 totalExercise: $5.50→ Common Stock (272,727 underlying)
Holdings
- 75,002
Common Stock
- 1,705
Series B Convertible Preferred Stock
Exercise: $7.00→ Common Stock (243,572 underlying) - 102,972
Common Stock
- 71,430
Common Stock
Footnotes (9)
- [F1]This Form 4 is filed jointly by Norman H. Pessin, Brian L. Pessin and Sandra F. Pessin (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group, that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of common stock. Each Reporting Person disclaims beneficial ownership of the shares of common stock reported herein except to the extent of his or her pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of common stock for purposes of Section 16 or for any other purpose.
- [F2]Shares beneficially owned by Sandra F. Pessin, Norman H. Pessin's spouse. Norman H. Pessin expressly disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F3]Shares beneficially owned by Brian L. Pessin. Norman H. Pessin and Sandra F. Pessin expressly disclaim beneficial ownership of such shares.
- [F4]The Series B Convertible Preferred Stock ("Series B Preferred Stock") is not currently exercisable due to a 4.99% beneficial ownership limitation with respect to Common Stock owned by Sandra F. Pessin, affiliates of Sandra F. Pessin or members of a group with Sandra F. Pessin. Such 4.99% beneficial ownership limitation can be increased to 9.99%. The Series B Preferred Stock has no stated maturity date.
- [F5]Sandra F. Pessin owns 1,705 shares of Series B Preferred Stock convertible into 243,572 shares of Common Stock.
- [F6]The Series C Convertible Preferred Stock ("Series C Preferred Stock") is not currently exercisable due to a 4.99% beneficial ownership limitation with respect to Common Stock owned by Sandra F. Pessin, affiliates of Sandra F. Pessin or members of a group with Sandra F. Pessin. Such 4.99% beneficial ownership limitation can be increased to 19.99%. The Series C Preferred Stock has no stated maturity date.
- [F7]Sandra F. Pessin owns 1,500 shares of Series C Preferred Stock convertible into 272,727 shares of Common Stock.
- [F8]The Series C Preferred Stock is not currently exercisable due to a 4.99% beneficial ownership limitation with respect to the Common Stock owned by Brian L. Pessin, affiliates of Brian L. Pessin or members of a group with Brian L. Pessin. The Series C Preferred Stock has no stated maturity date.
- [F9]Brian L. Pessin owns 500 shares of Series C Preferred Stock convertible into 90,909 shares of Common Stock.
Documents
Issuer
DUOS TECHNOLOGIES GROUP, INC.
CIK 0001396536
Entity typeother
Related Parties
1- filerCIK 0000923666
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 2:51 PM ET
- Size
- 15.7 KB