SEC Form 4 · accession 0001553350-19-000168
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
Feb 22, 2019
Accepted (ET)
Feb 25, 2019 · 7:00 am 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001F1 | Feb 22, 2019 | P$0 | 26,407 | — | A | 64,949 | 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 Common StockF1,F2 | $0.65 | Feb 22, 2019 | P | 179,179 | A | Feb 25, 2019 | Nov 13, 2023 | Common Stock | 179,179 | 179,179 | D |
| Warrants to purchase Common StockF1,F2 | $9.45 | Feb 22, 2019 | P | 14,320 | A | Feb 25, 2019 | Oct 31, 2020 | Common Stock | 14,320 | 14,320 | D |
Explanation of responses
- F1On February 22, 2019, Mr. Goldfarb purchased in a private transaction from a shareholder of the Company, 26,407 shares of common stock, a warrant to purchase 179,179 shares of common stock with an exercise price of $0.65 per share and a warrant to purchase 14,320 shares of common stock with an exercise price of $9.45 per share in exchange for a promissory note in the principal amount of $275,000. This is equivalent to approximately $1.25 per share of common stock or common stock equivalent.
- F2Excludes 34,020 warrants to purchase common stock as previously reported by Mr. Goldfarb on December 5, 2017 and 265,000 options issued to Mr. Goldfarb on March 8, 2018.