Sec Form 4 Filing - SEID PAUL @ DecisionPoint Systems, Inc. - 2015-06-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
SEID PAUL
2. Issuer Name and Ticker or Trading Symbol
DecisionPoint Systems, Inc. [ DPSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O DECISIONPOINT SYSTEMS, INC., 8697 RESEARCH DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2015
(Street)
IRVINE, CA92618
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 127,150 D ( 8 )
Common Stock 72,850 D ( 8 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series D Convertible Preferred Stock $ 0.71 12/20/2012 P 25,500 12/20/2012 ( 1 ) Common Stock 359,155 $ 10 359,155 D
Series D Convertible Preferred Stock $ 0.71 12/20/2012 P 8,500 12/20/2012 ( 1 ) Common Stock 119,718 $ 10 478,873 I ( 4 ) See Footnote
Series D Convertible Preferred Stock ( 2 ) $ 0.71 04/22/2014 J( 2 ) 1,264 04/22/2014 ( 1 ) Common Stock 17,803 $ 0 496,873 D ( 5 )
Series E Convertible Preferred Stock $ 0.5 11/12/2013 P 10,000 11/12/2013 ( 1 ) Common Stock 200,000 $ 10 696,676 D
Series E Convertible Preferred Stock $ 0.5 11/22/2013 P 5,000 11/22/2013 ( 1 ) Common Stock 100,000 $ 10 796,676 I ( 6 ) See Footnote
Series E Convertible Preferred Stock ( 3 ) $ 0.5 04/22/2014 J( 3 ) 261 04/22/2014 ( 1 ) Common Stock 5,220 $ 0 801,896 D ( 7 )
Stock Options (right to buy) ( 9 ) $ 0.38 12/31/2014 A 14,211 12/31/2014 12/31/2017 Common Stock 14,211 $ 0 816,107 D
Stock Options (right to buy) ( 9 ) $ 0.5 03/31/2015 A 12,858 03/31/2015 03/31/2018 Common Stock 12,858 $ 0 828,968 D
Stock Options (right to buy)(9)* $ 0.5 06/30/2015 A 27,000 06/30/2015 06/30/2018 Common Stock 27,000 $ 0 855,968 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SEID PAUL
C/O DECISIONPOINT SYSTEMS, INC.
8697 RESEARCH DRIVE
IRVINE, CA92618
X
Signatures
/s/ Michael P. Roe Attorney-in-fact 07/20/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Series D Convertible Preferred Stock and Series E Convertible Preferred Stock may be converted into shares of Common Stock by the holder at any time and has no expiration date.
( 2 )Reflects dividend made to holders of Series D Convertible Preferred Stock that was paid (issued) in shares of Series D Convertible Preferred Stock
( 3 )Reflects dividend made to holders of Series E Convertible Preferred Stock that was paid (issued) in shares of Series E Convertible Preferred Stock
( 4 )Includes 59,859 shares held by SDM Irrevocable Trust FBO Lauren Seid UAD 11/05/04 Paul Seid TTEE and 59,859 shares held by SDM Irrevocable Trust FBO Andrew Seid UAD 11/05/04 Paul Seid TTEE.
( 5 )Includes 2,225 shares held by SDM Irrevocable Trust FBO Lauren Seid UAD 11/05/04 Paul Seid TTEE and 2,225 shares held by SDM Irrevocable Trust FBO Andrew Seid UAD 11/05/04 Paul Seid TTEE
( 6 )Includes 50,000 shares held by SDM Irrevocable Trust FBO Lauren Seid UAD 11/05/04 Paul Seid TTEE and 50,000 shares held by SDM Irrevocable Trust FBO Andrew Seid UAD 11/05/04 Paul Seid TTEE
( 7 )Includes 740 shares held by SDM Irrevocable Trust FBO Lauren Seid UAD 11/05/04 Paul Seid TTEE and 740 shares held by SDM Irrevocable Trust FBO Andrew Seid UAD 11/05/04 Paul Seid TTEE
( 8 )Common stock acquired prior to the date of October 23, 2014 in whi ch the reporting person was required to report
( 9 )Options granted pursuant to DecisionPoint Systems, Inc. 2014 Equity Incentive Plan

Remarks:
* Transaction being newly reported on this form.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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