Sec Form 4/A Filing - Arcaini Gianni B @ DUOS TECHNOLOGIES GROUP, INC. - 2020-04-01

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FORM 4/A
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
Arcaini Gianni B
2. Issuer Name and Ticker or Trading Symbol
DUOS TECHNOLOGIES GROUP, INC. [ DUOT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last) (First) (Middle)
6622 SOUTHPOINT DRIVE S
3. Date of Earliest Transaction (MM/DD/YY)
04/01/2020
(Street)
JACKSONVILLE, FL32216
4. If Amendment, Date Original Filed (MM/DD/YY)
04/02/2020
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
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
Options to purchase Common Stock $ 14 04/01/2020 D 50,358 ( 1 ) ( 1 ) ( 1 ) Common Stock 50,358 $ 0 0 D
Options to purchase Common Stock $ 6 04/01/2020 A 50,358 ( 1 ) 04/01/2020 04/01/2025 Common Stock 50,358 $ 0 50,358 D
Options to purchase Common Stock $ 4.74 04/01/2020 A 50,358 ( 2 ) 04/01/2025 Common Stock 50,358 $ 0 100,716 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Arcaini Gianni B
6622 SOUTHPOINT DRIVE S
JACKSONVILLE, FL32216
X Chairman & CEO
Signatures
/s/ Gianni B. Arcaini 05/26/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )50,358 previously issued Options to purchase shares of Common Stock were cancelled by the issuer, and 50,358 Options to purchase shares of Common Stock at a lower exercise price were issued as a replacement.
( 2 )25,179 Options to purchase Shares of Common Stock shall vest and become exercisable on 01/01/2021. The remaining 25,179 Options to purchase Shares of Common Stock shall vest and become exercisable on 01/01/2022.

Remarks:
This amendment is being filed to correct the number of Derivative Securities Beneficially Owned by Mr. Arcaini on April 1, 2020. The initial filing incorrectly overstated the number of Derivative Securities Beneficially Owned by Mr. Arcaini following the cancellation of 50,358 Options to purchase shares of Common Stock of the issuer by 49,719. Consequently, the initial filing overstated the number of Derivative Securities Beneficially Owned by Mr. Arcaini following the transactions subsequently disclosed by the same amount.

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