Siegel Ned L Form 4 POSITIVEID / NED L SIEGEL ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SIEGEL NED L

(Last) (First) (Middle)

1690 SOUTH CONGRESS AVENUE

SUITE 201

(Street)

DELRAY BEACH FL 33445

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
POSITIVEID Corp [ PSID ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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
Stock Options (Right to Buy)(1)	$0.0207(1)	12/22/2015		A		3,000,000(1)		12/31/2016(1)	12/22/2020(2)	Common Stock	3,000,000(1)	(1)	3,036,000(3)	D
Series I Convertible Preferred Stock(1)	$0.0207(1)	12/22/2015		A		25(1)		01/01/2018(1)	(2)	Common Stock	1,207,729(1)	(1)	114(3)	D

Explanation of Responses:

1. On December 22, 2015, PositiveID Corporation granted to Mr. Siegel (i) 3,000,000 options to purchase Company common stock with an exercise price of $0.0207 which vest on December 31, 2016, as equity compensation for 2016; (ii) 25 shares of Series I Convertible Preferred Stock ("Series I") with a stated value of $1,000 per share, on a cashless basis, and convertible into 1,207,729 shares of common stock, par value of $0.01, at $0.0207 per share which will vest on January 1, 2018, also as equity compensation for 2016.

2. The stock option will expire on December 22, 2020 and the Series I have no expiration date.

3. Mr. Siegel as of December 22, 2015, owns (i) 631,076 shares of common stock and 3,036,000 options to purchase shares of common stock, 36,000 of which are fully vested; (ii) 114 shares of Series I, convertible into 4,724,595 shares of common stock, each holding 25 votes per share for a total of 118,114,875 votes.

	/s/ William Caragol, Attorney-in-Fact	12/24/2015
	** Signature of Reporting Person	Date
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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