Edgar Filing: DecisionPoint Systems, Inc.

Ownership Submission

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 OF SECURITIES

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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3235-0287

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(Print or Type Responses)

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 (Month/Day/Year)
12/31/2014

(Street)

IRVINE, CA 92618

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								155,516	I	See Footnote ⁽¹⁾
Common Stock								$ 112,716	D

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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 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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Series D Convertible Preferred Stock

$ 0.71

12/20/2012

30,000

12/20/2012

⁽⁹⁾

Common Stock

422,535

$ 10

422,535

See Footnote ⁽¹²⁾

Series D Convertible Preferred Stock

$ 0.71

12/20/2012

10,000

12/20/2012

⁽⁹⁾

Common Stock

140,845

$ 10

563,380

See Footnote ⁽²⁾

Series D Convertible Preferred Stock

$ 0.71

12/20/2012

1,500

12/20/2012

⁽⁹⁾

Common Stock

21,127

$ 10

584,507

See Footnote ⁽⁴⁾

Series D Convertible Preferred Stock

$ 0.71

12/20/2012

3,000

12/20/2012

⁽⁹⁾

Common Stock

42,254

$ 10

626,761

See Footnote ⁽⁵⁾

Series D Convertible Preferred Stock

$ 0.71

12/20/2012

2,000

12/20/2012

⁽⁹⁾

Common Stock

28,169

$ 10

654,930

See Footnote ⁽⁶⁾

Series D Convertible Preferred Stock

$ 0.71

12/20/2012

2,000

12/20/2012

⁽⁹⁾

Common Stock

28,169

$ 10

683,099

See Footnote ⁽⁷⁾

Warrants (Series D)

$ 1.1 ⁽³⁾

12/31/2012

151,343

12/31/2012

12/31/2017

Common Stock

151,343

$ 0

834,442

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

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

See Footnote ⁽²⁾

Series D Convertible Preferred Stock

$ 0.71

04/22/2014

J⁽¹⁰⁾

04/22/2014

⁽⁹⁾

Common Stock

775

$ 10

856,174

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

See Footnote ⁽⁵⁾

Series D Convertible Preferred Stock

$ 0.71

04/22/2014

J⁽¹⁰⁾

04/22/2014

⁽⁹⁾

Common Stock

1,042

$ 10

858,779

See Footnote ⁽⁶⁾

Series D Convertible Preferred Stock

$ 0.71

04/22/2014

J⁽¹⁰⁾

04/22/2014

⁽⁹⁾

Common Stock

1,042

$ 10

859,821

See Footnote ⁽⁷⁾

Series E Convertible Preferred Stock

$ 0.5

11/12/2013

15,000

11/12/2013

⁽⁹⁾

Common Stock

300,000

$ 10

1,159,821

Series D Convertible Preferred Stock

$ 0.71

11/15/2013

24,943

11/15/2013

⁽⁹⁾

Common Stock

351,310

$ 10

1,511,131

Warrants (Series E)

$ 0.55 ⁽⁸⁾

11/22/2013

200,000

11/22/2013

11/22/2018

Common Stock

200,000

$ 0

1,711,131

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

Stock Options (right to buy)

$ 0.38

12/31/2014

14,211

12/31/2014

12/31/2017

Common Stock

14,211

$ 0

1,730,962

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
TAGLICH MICHAEL N C/O DECISIONPOINT SYSTEMS, INC. 8697 RESEARCH DRIVE IRVINE, CA 92618	X

Signatures

/s/ Michael N. Taglich		02/10/2015
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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

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