SEC Form 4 · accession 0001553350-17-001327
DUOS TECHNOLOGIES GROUP, INC. · DUOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adrian Graham Goldfarb
Officer — CFO · Director
Period of report
Nov 24, 2017
Accepted (ET)
Dec 5, 2017 · 6:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396536
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| DUOT - Common StockF1 | Nov 24, 2017 | P | 34,020 | $1.00 | A | 38,752 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to purchase DUOT - Common StockF1 | $1.00 | Nov 24, 2017 | A | 34,020 | A | Nov 21, 2017 | Nov 21, 2022 | Common Stock | 34,020 | 34,020 | D |
Explanation of responses
- F1In connection with a private offering conducted by Duos Technologies Group, Inc. (the "Company") that closed on November 24, 2017, Adrian G. Goldfarb converted $34,020 of liabilities into shares of the Company's common stock a price of $1.00 per share and was issued warrants (the "Warrant") to purchase 34,020 shares of common stock of the at an exercise price of $1.00 per share expiring five years from the Initial Exercise Date (as defined in the Warrant).