Sec Form 4 Filing - Kempster Thomas @ Data Storage Corp - 2023-03-01

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
Kempster Thomas
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 X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP
(Last) (First) (Middle)
C/O DATA STORAGE CORPORATION, 48 SOUTH SERVICE ROAD, SUITE 203
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2023
(Street)
MELVILLE, NY11747
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
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
Stock Options ( 1 ) ( 1 ) 03/01/2023 A V 14,706 ( 1 ) ( 1 ) Common Stock 14,706 $ 0 18,873 D
Restricted Stock Unit ( 2 ) ( 2 ) 03/01/2023 A V 14,706 ( 2 ) ( 2 ) Common Stock 14,706 $ 0 33,579 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kempster Thomas
C/O DATA STORAGE CORPORATION
48 SOUTH SERVICE ROAD, SUITE 203
MELVILLE, NY11747
X X EVP
Signatures
/s/ Thomas Kempster 03/01/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These options ("Options") vest and become exercisable in three equal annual installments over the three-year period measured from March 1, 2023. The exercise price of these Options shall be equal to 110% of the closing price of the Issuer's common stock as of the date of grant. These options will expire on March 1, 2033.
( 2 )These restricted stock units ("RSUs") represent a contingent right to receive one share of the Issuer's common stock. These RSUs vest in three equal annual installments over the three-year period measured from March 1, 2023, subject to the Reporting Person's continued service to the Issuer through each vesting date. These restricted stock units do not have an expiration date.

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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