Norman H. Pessin - Mar 14, 2019 Form 3/A - Amendment Insider Report for DUOS TECHNOLOGIES GROUP, INC. (DUOT)

Role: 10%+ Owner
Signature: /s/ Norman H. Pessin
Stock symbol: DUOT
Transactions as of: Mar 14, 2019
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 9/2/2021, 06:55 PM
Date Of Original Report: Apr 1, 2019
Next filing: Sep 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DUOT	Common Stock						625K	Mar 14, 2019	Direct	F1
holding	DUOT	Common Stock						1M	Mar 14, 2019	Direct	F1, F2
holding	DUOT	Common Stock						1.05M	Mar 14, 2019	Direct	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	DUOT	Series B Convertible Preferred Stock							Mar 14, 2019	Common Stock, par value $0.001 per share	3.41M		Direct	F2, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 3 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 ("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 Preferred Stock has no stated maturity date.
F5	Sandra F. Pessin owns 1,705 shares of Preferred Stock initially convertible into 3,410,000 shares of Common Stock.
F6	This Form 3 amendment is being filed to add Sandra F. Pessin to the original Form 3 filed on April 1, 2019 and speaks as of that date. This amendment also revises the number of shares of Preferred Stock owned by Sandra F. Pessin stated in footnote 5. The share numbers in this Form 3 amendment do not reflect the 1-for-14 reverse split of the Issuer's Common Stock that was effected in January 2020.