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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D/A
Under
the Securities Exchange Act of 1934
(Amendment
No. 2)*
DOCUMENT
SECURITY SYSTEMS, INC.
(Name
of
Issuer)
Common
Stock, $0.02 par value per share
(Titles
of Classes of Securities)
25614T-10-1
(CUSIP
Number)
Patrick
White
28
East
Main Street, Suite 1525
Rochester,
New York 14614
(585)
325-3610
(Name,
Address and Telephone Number of Person Authorized
to
Receive Notices and Communications)
October
29, 2008
(Date
of
Event which Requires Filing of this Statement)
If
the
filing person has previously filed a statement on Schedule 13G to report
the
acquisition that is the subject of this Schedule 13D, and is filing this
statement because of § 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box ¨.
Note:
Schedules filed in paper format shall include a signed original and five
copies
of the schedule, including all exhibits. See § 240.13d-7(b) for other parties to
whom copies are to be sent.
*
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
disclosures provided in a prior cover page.
The
information required on 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).
SCHEDULE
13D
CUSIP
No. 64108N10
SCHEDULE
13D/A
CUSIP
NO.: 25614T-10-1
|
(1)
|
NAME
OF REPORTING PERSON:
Charles
M. LaLoggia
|
|
|
(2)
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
o
(b)
o
|
|
|
(3)
|
SEC
USE ONLY
|
0; |
|
(4)
|
SOURCE
OF FUNDS:
N/A
|
|
|
(5)
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d)
or 2(e)
|
o
|
|
(6)
|
CITIZENSHIP
OR PLACE OF ORGANIZATION:
United
States of America
|
|
NUMBER
OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
(7)
(8)
(9)
(10)
|
SOLE
VOTING POWER:
616,860
SHARED
VOTING POWER:
0
SOLE
DISPOSITIVE POWER:
616,860
SHARED
DISPOSITIVE POWER:
0
|
|
(11)
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
616,860
shares of common stock, $0.02 par value per share
|
|
|
(12)
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|
o
|
|
(13)
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
4.3%
|
|
|
(14)
|
TYPE
OF REPORTING PERSON:
IN
|
|
1
SCHEDULE
13D
CUSIP
No. 64108N10
SCHEDULE
13D/A
This
Amendment No. 2 amends the Schedule 13D filed by Charles M. LaLoggia
(“Registrant”) on September 17, 2002, as amended on July 1, 2008.
Item
1. Security
and Issuer.
<
br>
Common
stock, $0.02 par value per share (the shares of such common stock being,
“Common
Shares”), of Document Security Systems, Inc. (“DSS”). 28 East Main Street, Suite
1525, Rochester, New York 14614.
Item
5. Interest
in Securities of the Issuer.
Item
5 is
amended as follows:
(a)
Registrant
is the direct beneficial owner of 616,860 Common Shares, which represent
approximately 4.3% of the outstanding Common Shares, based on 14,225,198
Common
Shares outstanding on August 7, 2008, according to DSS’ Form 10-Q filed on
August 11, 2008.
(b)
Registrant
possesses the sole power to vote and to dispose of 616,860 Common
Shares.
(c)
In
the
past 60 days, the Registrant effected (i) the non-open market disposition
of
400,000 Common Shares on October 29, 2008 and (ii) a gift of 200,000 shares
on
October 29, 2008.
(e) Registrant
ceased to be a beneficial owner of more than 5% of the Common Shares on October
29, 2008.
Item
6. Contracts,
Arrangements, Understandings or Relationships With
Respect to
Securities of the Issuer.
Registrant
has no contracts, arrangements, understandings or relationships (legal or
otherwise) with any person with respect to any securities of DSS.
Item
7. Material
to be Filed as Exhibits.
None.
2
SCHEDULE
13D
CUSIP
No. 64108N10
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.
|
November
3, 2008
|
|
Date
|
|
/s/
Charles M. LaLoggia
|
|
Signature
|
|
Charles
M. LaLoggia
|
3