4//SEC Filing
PESSIN NORMAN H 4
Accession 0001140361-22-004145
CIK 0001396536other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 9:27 AM ET
Size
11.5 KB
Accession
0001140361-22-004145
Insider Transaction Report
Form 4
PESSIN NORMAN H
10% Owner
Transactions
- Purchase
Common Stock
2022-02-04$4.00/sh+300,000$1,200,000→ 766,157 total
Holdings
- 57,972
Common Stock
- 851
Series B Convertible Preferred Stock
Exercise: $7.00→ Common Stock (851 underlying) - 160,911
Common Stock
Pessin Brian L.
10% Owner
Transactions
- Purchase
Common Stock
2022-02-04$4.00/sh+300,000$1,200,000→ 766,157 total
Holdings
- 57,972
Common Stock
- 851
Series B Convertible Preferred Stock
Exercise: $7.00→ Common Stock (851 underlying) - 160,911
Common Stock
PESSIN SANDRA F
10% Owner
Transactions
- Purchase
Common Stock
2022-02-04$4.00/sh+300,000$1,200,000→ 766,157 total
Holdings
- 57,972
Common Stock
- 851
Series B Convertible Preferred Stock
Exercise: $7.00→ Common Stock (851 underlying) - 160,911
Common Stock
Footnotes (5)
- [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]On October 1, 2021, Sandra L. Pessin and the Issuer agreed to increase the beneficial ownership limitation applicable to the Series B Convertible Preferred Stock ("Series B Preferred Stock") from 4.99% to 9.99% with respect to Common Stock owned by Sandra F. Pessin, affiliates of Sandra F. Pessin or members of a group with Sandra F. Pessin. As a result of this limitation, a portion of such shares of Series B Preferred Stock (convertible into 121,572 shares of Common Stock) are not currently convertible. The Series B Preferred Stock has no stated maturity date.
- [F5]Sandra F. Pessin owns 851 shares of Series B Preferred Stock convertible into 121,572 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
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 9:27 AM ET
- Size
- 11.5 KB