Sec Form 4 Filing - Piluso Charles M. @ Data Storage Corp - 2011-12-23

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
Piluso Charles M.
2. Issuer Name and Ticker or Trading Symbol
Data Storage Corp [ DTST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) X __ Other (specify below)
President, CEO, CFO/Chairman of the Board
(Last) (First) (Middle)
401 FRANKLIN AVE, SUITE 103
3. Date of Earliest Transaction (MM/DD/YY)
12/23/2011
(Street)
GARDEN CITY, NY11530
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 12/23/2011 12/23/2011 S 548,780 D $ 0.41 9,519,119 D
Common Stock 12/22/2011 12/22/2011 C 591,716 A $ 0.39 10,110,295 D
Common Stock 12/22/2011 12/22/2011 J 28,143 A $ 0.41 10,138,148 D
Common Stock 12/22/2011 12/22/2011 J 61,086 A $ 0.85 10,199,524 D
Common Stock 12/22/2011 12/22/2011 C 682,992 A $ 0.55 10,882,516 D
Common Stock 12/22/2011 12/22/2011 C 788,955 A $ 0.39 11,671,471 I Piluso Family Trust
Common Stock 12/22/2011 12/22/2011 J 37,523 ( 1 ) A $ 0.41 11,708,994 I Piluso Family Trust
Common S tock 12/22/2011 12/22/2011 J 81,448 ( 2 ) A $ 0.85 11,790,442 I Piluso Family Trust
Common Stock 12/22/2011 12/22/2011 C 910,655 A $ 0.55 12,701,097 I Piluso Family Trust
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
Convertible Debt $ 0.39 12/22/2011 12/22/2011 C 591,716 06/16/2010 06/15/2013 Convertible Promissory Note 10% 591,716 $ 230,769.24 0 D
Convertible Debt $ 0.39 12/22/2011 12/22/2011 C 788,955 06/16/2010 06/15/2013 Convertible Promissory Note 10% 788,955 $ 307,692.15 0 I Piluso Family Trust
Warrants $ 0.55 12/22/2011 12/22/2011 C 682,992 06/30/2010 06/30/2020 Warrants 682,992 $ 0 ( 3 ) 0 D
Warrants $ 0.55 12/22/2011 12/22/2011 C 910,655 06/30/2010 06/30/2020 Warrants 910,655 $ 0 ( 4 ) 0 I Piluso Family Trust
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Piluso Charles M.
401 FRANKLIN AVE
SUITE 103
GARDEN CITY, NY11530
X President, CEO, CFO Chairman of the Board
Signatures
/s/ Charles M. Piluso 02/06/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Past Due Interest on Convertible Debt based on March 2011 share price of $0.41 per share
( 2 )Current and Future Interest on Convertible Debt based on November 2011 share price of $0.85 per share
( 3 )The Warrants were purchased together with the Convertible Debt and are included in the Convertible Debt purchase price of $230,769.24
( 4 )The Warrants were purchased together with the Convertible Debt and are included in the Convertible Debt purchase price of $307,692.45

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