DecisionPoint Systems (DPSIP) Form 3 DecisionPoint Systems / Steven F Smith ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Smith Steven F

(Last) (First) (Middle)

1615 SOUTH CONGRESS AVENUE, SUITE 103

(Street)

DELRAY BEACH, FL 33445

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/04/2022

3. Issuer Name and Ticker or Trading Symbol
DecisionPoint Systems, Inc. [ DPSI ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	582,397	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	01/29/2022(1)	01/28/2026	Common Stock	83,333	3.26	D

Explanation of Responses:

1. The option became exercisable as to 10,416 shares on January 29, 2022 and 10,416 shares on April 29, 2022. The option becomes exercisable as to the remaining shares as follows: (i) 10,416 shares become exercisable on July 29, 2022, (ii) 10,417 shares become exercisable on October 29, 2022, (iii) 10,417 shares become exercisable on January 29, 2023, (iv) 10,417 shares become exercisable on April 29, 2023, (v) 10,417 shares become exercisable on July 29, 2023, and (vi) 10,417 shares become exercisable on October 29, 2023.

	/s/ Steve Smith	05/19/2022
	** 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 5 (b)(v).
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