0000921895-16-005587.txt : 20160825 0000921895-16-005587.hdr.sgml : 20160825 20160825142315 ACCESSION NUMBER: 0000921895-16-005587 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160815 FILED AS OF DATE: 20160825 DATE AS OF CHANGE: 20160825 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WPCS INTERNATIONAL INC CENTRAL INDEX KEY: 0001086745 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 980204758 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 521 RAILROAD AVE CITY: SUISUN STATE: CA ZIP: 94585 BUSINESS PHONE: 7074321300 MAIL ADDRESS: STREET 1: 521 RAILROAD AVE CITY: SUISUN STATE: CA ZIP: 94585 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX STAR VENTURES INC DATE OF NAME CHANGE: 20010424 FORMER COMPANY: FORMER CONFORMED NAME: WOWTOWN COM INC DATE OF NAME CHANGE: 20000315 FORMER COMPANY: FORMER CONFORMED NAME: PARAMOUNT SERVICES CORP DATE OF NAME CHANGE: 19990519 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Silverman Joshua CENTRAL INDEX KEY: 0001524858 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34643 FILM NUMBER: 161851204 MAIL ADDRESS: STREET 1: IROQUOIS CAPITAL MANAGEMENT LLC STREET 2: 205 EAST 42ND ST - 20TH FL. CITY: NEW YORK STATE: NY ZIP: 10017 3 1 form307042007_08252016.xml OWNERSHIP DOCUMENT X0206 3 2016-08-15 0 0001086745 WPCS INTERNATIONAL INC WPCS 0001524858 Silverman Joshua C/O PARKFIELD FUNDING LLC 205 EAST 42ND STREET - 20TH FLOOR NEW YORK NY 10017 1 0 0 0 Common Stock 259931 I See footnote Common Stock 8674 I See footnote Series H Preferred Stock 1.54 2015-06-30 Common Stock 97000 I See footnote Series H-1 Preferred Stock 1.66 2015-07-14 Common Stock 703700 I See footnote Warrant 1.66 2020-07-14 Common Stock 1055481 I See footnote Series H Preferred Stock 1.54 2015-07-01 Common Stock 23500 I See footnote Series H-1 Preferred Stock 1.66 2015-07-14 Common Stock 54100 I See footnote Warrant 1.66 2020-07-14 Common Stock 81190 I See footnote Securities are held indirectly through Iroquois Master Fund (the "Fund"). Mr. Silverman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Securities are held indirectly through American Capital Management, LLC ("ACM"). Mr. Silverman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Each share of Series H Preferred Stock is convertible into shares of Common Stock, equal to the stated value of $154 per share of Series H Preferred Stock divided by the conversion price of $1.54 per share, subject to adjustment, and has no expiration date. Each share of Series H-1 Preferred Stock is convertible into shares of Common Stock, equal to the stated value of $166 per share of Series H-1 Preferred Stock divided by the conversion price of $1.66 per share, subject to adjustment, and has no expiration date. Each Warrant allows the holder to acquire one share of Common Stock at an exercise price of $1.66 per share, subject to adjustment, within 5 years of the date of issuance. /s/ Joshua Silverman 2016-08-25