0001493152-19-002318.txt : 20190220 0001493152-19-002318.hdr.sgml : 20190220 20190220172927 ACCESSION NUMBER: 0001493152-19-002318 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190220 DATE AS OF CHANGE: 20190220 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DOCUMENT SECURITY SYSTEMS INC CENTRAL INDEX KEY: 0000771999 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] IRS NUMBER: 161229730 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50256 FILM NUMBER: 19619541 BUSINESS ADDRESS: STREET 1: 200 CANAL VIEW BOULEVARD STREET 2: SUITE 300 CITY: ROCHESTER STATE: NY ZIP: 14623 BUSINESS PHONE: 585 232 1500 MAIL ADDRESS: STREET 1: 200 CANAL VIEW BOULEVARD STREET 2: SUITE 300 CITY: ROCHESTER STATE: NY ZIP: 14623 FORMER COMPANY: FORMER CONFORMED NAME: NEW SKY COMMUNICATIONS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: THOROUGHBREDS USA INC DATE OF NAME CHANGE: 19861118 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Chan Heng Fai Ambrose CENTRAL INDEX KEY: 0001261725 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: 2601 INSLAND PLACE TOWER STREET 2: 510 KINGS RD N POINT CITY: HONG KONG STATE: K3 ZIP: 999999999 FORMER COMPANY: FORMER CONFORMED NAME: CHAN FAI DATE OF NAME CHANGE: 20030828 SC 13D/A 1 sc13da.htm

 

 

 

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

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)

 

DOCUMENT SECURITY SYSTEMS, INC.
(Name of Issuer)

 

Common Stock, par value $0.02 per share
(Title of Class of Securities)

 

25614T200
(CUSIP Number)

 

Heng Fai Ambrose Chan

c/o Singapore eDevelopment Limited

7 Temasek Boulevard #29-01B, Suntec Tower One

Singapore 038987

011 65 6333 9181

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

February 18, 2019

(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 schedule 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).

 

 

 

   
 

 

CUSIP No. 25614T200

Page 2 of 4

 

SCHEDULE 13D

 

CUSIP No. 25614T200

 

1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Heng Fai Ambrose Chan

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a) [  ]

(b) [  ]

3

SEC USE ONLY

 

4

SOURCE OF FUNDS (See Instructions)

 

AF and PF

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)

 

[  ]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Republic of Singapore

NUMBER OF

 

SHARES

 

BENEFICIALLY

 

OWNED BY

 

EACH

 

REPORTING

 

PERSON

 

WITH

7

SOLE VOTING POWER

 

3,418,871(1)

8

SHARED VOTING POWER

 

 

9

SOLE DISPOSITIVE POWER

 

 

3,418,871(1)

10

SHARED DISPOSITIVE POWER

 

 

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,418,871(1)

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)

 

[  ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

19.13% (2)

14

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 

1 Consists of (a) 1,786,531 shares of common stock, par value $0.02 per share of Document Security Systems, Inc. (the “Common Stock”) held by Heng Fai Holdings Limited (“Heng Fai Holdings”), (b) 500,000 shares of Common Stock held by BMI Capital Partners International Limited (“BMI Capital”), (c) 683,000 shares of Common Stock held by Hengfai Business Development Pte Ltd. (“Hengfai Business Development”), (d) 2,912 shares of Common Stock held by the Reporting Person; and (e) a Convertible Promissory Note held by LiquidValue Development Pte Ltd, dated as of February 18, 2019, and convertible into 446,428 shares of Common Stock.

 

2 Based on 17,425,858 shares of Common Stock outstanding as of February 20, 2019 and 446,428 to be issued upon the conversion of the Convertible Promissory Note, for a total of 17,872,286 shares of Common Stock.

 

   
 

 

CUSIP No. 25614T200

Page 3 of 4

 

This Amendment No. 3 on Schedule 13D amends the statement on Schedule 13D, filed with the SEC on September 15, 2017, as amended by Amendment No. 1, filed with the SEC on July 6, 2018 and Amendment No. 2, filed with the SEC on December 18, 2018 (the “Second Amended Schedule 13D”), which relates to the Common Stock of the Issuer filed by Heng Fai Ambrose Chan (the “Reporting Person”). Except as previously amended and expressly amended below, the Second Amended Schedule 13D remains in effect and capitalized terms not defined herein are defined in the Second Amended Schedule 13D.

 

Item 4. Purpose of Transaction

 

The Reporting Person is in the process of identifying individuals to potentially serve as directors of the Issuer.

 

The Reporting Person has increased his ownership in the Issuer and may add to his holdings of the Issuer’s common stock in the future.

 

Item 5. Interest in Securities of the Issuer

 

  (a) Personal ownership by reporting person Heng Fai Ambrose Chan: 2,912 shares of Issuer’s common stock, par value $0.02 per share.
     
    Ownership by affiliate Heng Fai Holdings Limited: 1,786,531 shares of Issuer’s common stock, par value $0.02 per share.
     
    Ownership by affiliate BMI Capital Partners International Limited: 500,000 shares of Issuer’s common stock, par value $0.02 per share.
     
    Ownership by affiliate Hengfai Business Development Pte. Ltd.: 683,000 shares of Issuer’s common stock, par value $0.02 per share.
     
    Ownership by affiliate LiquidValue Development Pte Ltd: a note convertible into 446,428 shares of Common Stock.
     
  (c)

Each of the transactions described in this 5(c) were reported on Forms 4 filed by the Reporting Person filed with the SEC pursuant to Section 16 of the Act and are available on the SEC’s website at www.sec.gov. The information reported in such filing is expressly incorporated herein.

 

   
 

 

CUSIP No. 25614T200

Page 4 of 4

 

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.

 

2/20/2019  
Dated  
   
/s/ Heng Fai Ambrose Chan  
Signature  
   
Heng Fai Ambrose Chan  
Name  

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).