Sec Form 4 Filing - TAGLICH MICHAEL N @ DecisionPoint Systems, Inc. - 2015-06-30

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
TAGLICH MICHAEL N
2. Issuer Name and Ticker or Trading Symbol
DecisionPoint Systems, Inc. [ DPSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O DECISIONPOINT SYSTEMS, INC., 8697 RESEARCH DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2015
(Street)
IRVINE, CA92618
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
Common Stock 155,526 I See footnote ( 1 )
Common Stock 112,716 D
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
Series D Convertible Preferred Stock $ 0.71 12/20/2012 P 30,000 12/20/2012 ( 9 ) Common Stock 422,535 $ 10 422,535 I See Footnote ( 12 )
Series D Convertible Preferred Stock $ 0.71 12/20/2012 P 10,000 12/20/2012 ( 9 ) Common Stock 140,845 $ 10 563,380 I See Footnote ( 2 )
Series D Convertible Preferred Stock $ 0.71 12/20/2012 P 1,500 12/20/2012 ( 9 ) Common Stock 21,127 $ 10 584,507 I See Footnote ( 4 )
Series D Convertible Preferred Stock $ 0.71 12/20/2012 P 3,000 12/20/2012 ( 9 ) Common Stock 42,254 $ 10 626,761 I See Footnote ( 5 )
Series D Convertible Preferred Stock $ 0.71 12/20/2012 P 2,000 12/20/2012 ( 9 ) Common Stock 28,169 $ 10 654,930 I See Footnote ( 6 )
Series D Convertible Preferred Stock $ 0.71 12/20/2012 P 2,000 12/20/2012 ( 9 ) Common Stock 28,169 $ 10 683,099 I See Footnote ( 7 )
Warrants (Series D) $ 1.1 ( 3 ) 12/31/2012 A 151,343 12/31/2012 12/31/2017 Common Stock 151,343 $ 0 834,442 D
Series D Convertible Preferred Stock $ 0.71 04/22/2014 J( 10 ) 1,116 04/22/2014 ( 9 ) Common Stock 15,718 $ 10 850,160 I See Footnote ( 12 )
Series D Convertible Preferred Stock $ 0.71 04/22/2014 J( 10 ) 372 04/22/2014 ( 9 ) Common Stock 5,239 $ 10 855,399 I See Footnote ( 2 )
Series D Convertible Preferred Stock $ 0.71 04/22/2014 J( 10 ) 55 04/22/2014 ( 9 ) Common Stock 775 $ 10 856,174 I See Footnote ( 4 )
Series D Convertible Preferred Stock $ 0.71 04/22/2014 J( 10 ) 111 04/22/2014 ( 9 ) Common Stock 1,563 $ 10 857,737 I See Footnote ( 5 )
Series D Convertible Preferred Stock $ 0.71 04/22/2014 J( 10 ) 74 04/22/2014 ( 9 ) Common Stock 1,042 $ 10 858,779 I See Footnote ( 6 )
Series D Convertible Preferred Stock $ 0.71 04/22/2014 J( 10 ) 74 04/22/2014 ( 9 ) Common Stock 1,042 $ 10 859,821 I See Footnote ( 7 )
Series E Convertible Preferred Stock $ 0.5 11/12/2013 P 15,000 11/12/2013 ( 9 ) Common Stock 300,000 $ 10 1,159,821 D
Series D Convertible Preferred Stock $ 0.71 11/15/2013 P 24,943 11/15/2013 ( 9 ) Common Stock 351,310 $ 10 1,511,131 D
Warrants (Series E) $ 0.55 ( 8 ) 11/22/2013 A 200,000 11/22/2013 11/22/2018 Common Stock 200,000 $ 0 1,711,131 D
Series E Convertible Preferred Stock $ 0.5 04/22/2014 J( 11 ) 281 04/22/2014 ( 9 ) Common Stock 5,620 $ 10 1,716,751 D
Stock Options (right to buy) ( 13 ) $ 0.38 12/31/2014 A 14,211 12/31/2014 12/31/2017 Common Stock 14,211 $ 0 1,730,962 D
Stock Options (right to buy) ( 13 ) $ 0.5 03/31/2015 A 12,858 03/31/2015 03/31/2018 Common Stock 12,858 $ 0 1,743,820 D
Stock Options (right to buy)(13)* $ 0.5 06/30/2015 A 27,000 06/30/2015 06/30/2018 Common Stock 27,000 $ 0 1,770,820 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TAGLICH MICHAEL N
C/O DECISIONPOINT SYSTEMS, INC.
8697 RESEARCH DRIVE
IRVINE, CA92618
X
Signatures
/s/ Michael P. Roe attorney-in-fact 07/20/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Securities are held by Michael N. Taglich Keogh-Account. Michael Taglich is the principal of this account.
( 2 )Securities are held by Mike Taglich POA Tag/Kent Partnership F/B/O Garlinghouse/M Taglich B Taglich. Michael Taglich has power of attorney over the partnership.
( 3 )Mr. Taglich was issued warrants exercisable for 151,343 shares of common stock as compensation for services in connection with the issuer's private placement.
( 4 )Securities are held by Michael Taglich as Custodian for Benefit of Hope Taglich UTMA, his minor child.
( 5 )Securities are held by Michael Taglich as Custodian For Benefit of Lucy Taglich UTMA NY, his minor child.
( 6 )Securities are held by Michael Taglich Custodian for Benefit of Amanda Taglich UTMA NY Until Age 21, his minor child.
( 7 )Securities are held by Michael Taglich Custodian for Benefit of Stella Taglich UTMA NY Until Age 21, his minor child.
( 8 )Mr. Taglich was issued warrants exercisable for 200,000 shares of common stock as compensation for services in connection with the issuer's private placement.
( 9 )The Series D Convertible Preferred Stock and Series E Convertible Preferred Stock may be converted into shares of Common Stock by the holder at any time and has no expiration date.
( 10 )Reflects dividends made to holders of Series D Convertible Preferred Stock that was paid (issued) in shares of Series D Convertible Preferred Stock.
( 11 )Reflects dividends made to holders of Series E Convertible Preferred Stock that was paid (issued) in shares of Series E Convertible Preferred Stock.
( 12 )Securities are held by Michael N. Taglich Claudia Taglich JTWROS
( 13 )Options granted pursuant to DecisionPoint Systems, Inc. 2014 Equity Incentive Plan

Remarks:
* Transaction being newly repor ted on this form

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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