Norman H. Pessin - Feb 13, 2020 Form 4 Insider Report for DUOS TECHNOLOGIES GROUP, INC. (DUOT)

Role
10%+ Owner
Signature
/s/ Norman H. Pessin
Stock symbol
DUOT
Transactions as of
Feb 13, 2020
Transactions value $
$349,800
Form type
4
Date filed
9/3/2021, 02:47 PM
Previous filing
Sep 2, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DUOT Common Stock Purchase $350K +58.3K +130.51% $6.00 103K Feb 13, 2020 Direct F1
holding DUOT Common Stock 71.4K Feb 13, 2020 Direct F1, F2
holding DUOT Common Stock 75K Feb 13, 2020 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 1.71K Feb 13, 2020 Common Stock 244K $7.00 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 ("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 convertible into 243,572 shares of Common Stock.