Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
IPSIDY INC.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
46264C 107
(CUSIP Number)
December 31, 2020
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| a. | ☐ | Rule 13d-1(b) |
| b. | ☒ | Rule 13d-1(c) |
|
c. | ☐ | Rule 13d-1(d) |
| * | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 46264C 107
| 1. | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Richard Greene | |
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐
| |
| 3. | SEC Use Only
| |
| 4. | Citizenship or Place of Organization
USA |
Number
of |
5. | Sole Voting Power
1,500,000(1) |
| 6. | Shared Voting Power
0 | |
| 7. | Sole Dispositive Power
1,500,000(1) | |
| 8. | Shared Dispositive Power
0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,000(1) | |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |
| 11. | Percent of Class Represented by Amount in Row (9)
Less than 1% | |
| 12. | Type of Reporting Person (See Instructions)
IN |
| (1) | During the year ended December 31, 2020, Mr. Greene (a) ceased to be a trustee of, or have any other interest in all trusts which held shares of common stock or any securities giving the right to acquire common stock; (b) caused the disposition by Fifth Melville LLC of all shares of common stock or any securities giving the right to acquire common stock; and (c) acquired 2020 Convertible Notes convertible into 1,500,000 shares of common stock. The above percent of common stock is based on 589,272,023 shares of common stock outstanding as of December 31, 2020. |
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| Item 1. | (a) | Name of Issuer |
| Ipsidy Inc. (the “Issuer”) | ||
| (b) | Address of Issuer’s Principal Executive Offices | |
| 670 Long Beach Blvd. | ||
| Long Beach, New York 11561 | ||
| Item 2. | (a) | Name of Person Filing |
| Richard Greene | ||
| (b) | Address of Principal Business Office or, if none, Residence | |
| 400 SE Fifth Avenue #206 | ||
Boca Raton, FL 33432 | ||
| (c) | Citizenship | |
| USA | ||
| (d) | Title of Class of Securities | |
| Convertible Note convertible into Common Stock, $0.0001 par value per share, of the Issuer. | ||
| (e) | CUSIP Number | |
| 46264C107 | ||
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| Not applicable. | ||
| Item 4. | Ownership. | |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: 1,500,000(1) |
| (b) | Percent of class: Less than 1% |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: 1,500,000(1) |
| (ii) | Shared power to vote or to direct the vote: 0 |
| (iii) | Sole power to dispose or to direct the disposition of: 1,500,000(1) |
| (iv) | Shared power to dispose or to direct the disposition of: 0 |
| (1) | During the year ended December 31, 2020, Mr. Greene (a) ceased to be a trustee of, or have any other interest in all trusts which held shares of common stock or any securities giving the right to acquire common stock; (b) caused the disposition by Fifth Melville LLC of all shares of common stock or any securities giving the right to acquire common stock; and (c) acquired 2020 Convertible Notes convertible into 1,500,000 shares of common stock. The above percent of common stock is based on 589,272,023 shares of common stock outstanding as of December 31, 2020. |
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| Item 5. | Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5% of the class of securities, check the following: [x] | |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
| Not applicable. |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company |
| Not applicable. | |
| Item 8. | Identification and Classification of Members of the Group |
| Not applicable. | |
| Item 9. | Notice of Dissolution of Group |
| Not applicable. | |
| Item 10. | Certification |
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Date: February 16, 2021 | /s/ Richard Greene |
| Richard Greene |
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