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