Form 3 DecisionPoint Systems, For: May 04 Filed by: Smith Steven F

May 19, 2022 9:55 PM EDT

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FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Smith Steven F

(Last) (First) (Middle)
1615 SOUTH CONGRESS AVENUE, SUITE 103

(Street)
DELRAY BEACH, FL 33445

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/04/2022
3. Issuer Name and Ticker or Trading Symbol
DecisionPoint Systems, Inc. [ DPSI ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 582,397
D
 
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 01/29/2022 (1) 01/28/2026 Common Stock 83,333 3.26 D  
Explanation of Responses:
1. The option became exercisable as to 10,416 shares on January 29, 2022 and 10,416 shares on April 29, 2022. The option becomes exercisable as to the remaining shares as follows: (i) 10,416 shares become exercisable on July 29, 2022, (ii) 10,417 shares become exercisable on October 29, 2022, (iii) 10,417 shares become exercisable on January 29, 2023, (iv) 10,417 shares become exercisable on April 29, 2023, (v) 10,417 shares become exercisable on July 29, 2023, and (vi) 10,417 shares become exercisable on October 29, 2023.
/s/ Steve Smith 05/19/2022
** Signature of Reporting Person 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


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