SEC Form 4 · accession 0001553350-17-001331
DUOS TECHNOLOGIES GROUP, INC. · DUOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gianni B Arcaini
Officer — Chairman & CEO · Director
Period of report
Nov 24, 2017
Accepted (ET)
Dec 5, 2017 · 8:19 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,F2 | Nov 24, 2017 | P | 700,543 | $1.00 | A | 834,794 | 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 | 700,543 | A | Nov 21, 2017 | Nov 21, 2022 | Common Stock | 700,543 | 700,543 | D |
Explanation of responses
- F1In connection with a private offering conducted by Duos Technologies Group, Inc. (the "Company") that closed on November 24, 2017, Gianni B. Arcaini converted $700,543 of accrued salary into shares of the Company's common stock at a price of $1.00 per share and was issued 700,543 warrants (the "Warrant") to purchase shares of common stock of the Company at an exercise price of $1.00 per share expiring five years from the Initial Exercise Date (as defined in the Warrant).
- F2134,251 share held through a controlled entity.