4 1 rusgitizzi4-043001.txt RUSGIT IZZI APRIL FORM 4
---------------- ---------------------------- FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL ---------------- Washington, D.C. 20549 ---------------------------- OMB Number: 3235-0287 / / Check this box if no STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: September 30, 1998 longer subject to Estimated Average burden Section 16, Form 4 or hours per response.......0.5 Form 5 obligations ---------------------------- may continue. See Instruction 1 (b) (Print or Type Responses) 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 (f) of the Investment Company Act of 1940 ------------------------------------------------------------------------------------------------------------------------------------ 1. Name and Address of Resorting 2. Issuer Name and Ticker Trading Symbol 3. Relationship of Reporting Person(s) Person* to Issuer (Check all applicable) Renaissance Capital Growth Integrated Security Systems, Inc. (IZZI) ___ Director _X_ 10% Owner & Income Trust PCL ___ Officer ___ Other (Specify (give below) title below ------------------------------------------------------------------------------------------------------------------------------------ (Last) (First) (Middle) 3. IRS or Social 4. Statement for Security Number Month/Year of Reporting Person (Voluntary) ------------------------------------------------------------------------------------------------------------------------------------ 8080 N. Central Expressway Suite 210 LB-59 ------------------------------------------------------------------------------------------------------------------------------------ April 2001 ------------------------------------------------------------------------------------------------------------------------------------ (Street) 5. If Amendment 7. Individual or Joint/Group Date of Original Filing (check applicable line) 75-2533518 (Month/Year) Dallas TX 75206-1857 _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. Type of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature of (Instr. 3) action action (A) or Disposed of (D) Securities ship Indirect Date Code (Instr. 3, 4 and 5) Beneficially Form: Beneficial (Month/ (Instr. 8) Owned at Direct Owner- Date/ End of Month (D) or Ship Year) (Instr. 3 Indirect (I) (Instr. 4) and 4) (Instr.4) ------------------------------------------------------------------------------------------------------------------------------------ (A) Code V Amount or Price (D) ------------------------------------------------------------------------------------------------------------------------------------ Common Stock 393,259 D ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ REMARKS: Renaissance Capital Growth & Income Trust PLC is the beneficial owner of more than 10% of Company's common stock on a fully converted basis. The Investment Advisor is Renaissance Capital Group, Inc., which is also Investment Manager for Renaissance US Growth and Income Fund III, Inc. Renaissance US Growth and Income Fund III, Inc. also owns securities of Integrated Security Systems, Inc. ------------------------------------------------------------------------------------------------------------------------------------ Reminder: Report on a separate line each class of securities beneficially owned directly or indirectly. (Over) ------------------------------------------------------------------------------------------------------------------------------------ * If the form is filed by more than one reporting person, see Instruction 5(b)(v). SEC 1474 (7-96) ------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------ FORM 4 (continued) Table II --- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g..puts, calls, warrants, options, convertible securities) ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Deriva- 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and 8. Price of tive Security sion or action action Derivative cisable Amount of Deriv- (Instr. 3) Exercise Date Code Securities and Underlying ative Price of (Instr. Acquired Expiration Securities Secur- Deri- Month/ 8) (A) or Date (Instr. 3 ity vative Date/ Disposed (Month/Day/ and 4) (Instr. Security Year) of (D) Year) 5) (Instr. 3, 4 and 5) ------------------------------------------------------------------------------------------------------------------------------------ Date Expira- Amount Exer- tion Title or Number cisable Date of Shares ------------------------------------------------------------------------------------------------------------------------------------ Code V (A) (D) ------------------------------------------------------------------------------------------------------------------------------------ $2,084,101 9% Convertible $0.549 Debenture ------------------------------------------------------------------------------------------------------------------------------------ Warrants $1.75 ------------------------------------------------------------------------------------------------------------------------------------ Warrants $0.80 ------------------------------------------------------------------------------------------------------------------------------------ Warrants $0.80 ------------------------------------------------------------------------------------------------------------------------------------ $375,000 9% Promissory Note $0.549 ------------------------------------------------------------------------------------------------------------------------------------ Warrants $0.549 ------------------------------------------------------------------------------------------------------------------------------------ $150,000 Series D Preferred $0.80 Stock ------------------------------------------------------------------------------------------------------------------------------------ Warrants $1.00 ------------------------------------------------------------------------------------------------------------------------------------ $100,000 8% Promissory Note $0.20 ------------------------------------------------------------------------------------------------------------------------------------ $100,000 8% Promissory Note $0.20 ------------------------------------------------------------------------------------------------------------------------------------ $100,000 8% Promissory Note $0.20 ------------------------------------------------------------------------------------------------------------------------------------ $75,000 8% Promissory Note $0.20 ------------------------------------------------------------------------------------------------------------------------------------ $125,000 8% Promissory Note $0.20 ------------------------------------------------------------------------------------------------------------------------------------ $150,000 8% Promissory Note $0.20 04/11/01 J (1) 750,000 Immed. 08/09/000 Common 750,000 $0.20 ------------------------------------------------------------------------------------------------------------------------------------ 9. Number of 10. Ownership 11. Nature of derivative Form of Indirect Securities Derivative Beneficial Beneficilly Security: Ownership Owned Direct (D) (Instr.4) at End of or Indirect Month (I) (Instr.4) (Instr.4) ------------------------------------------------------------------------------------------------------------------------------------ 3,796,177 D ------------------------------------------------------------------------------------------------------------------------------------ 12,500 D ------------------------------------------------------------------------------------------------------------------------------------ 187,500 D ------------------------------------------------------------------------------------------------------------------------------------ 125,000 D ------------------------------------------------------------------------------------------------------------------------------------ 683,060 D ------------------------------------------------------------------------------------------------------------------------------------ 364,299 D ------------------------------------------------------------------------------------------------------------------------------------ 187,500 D ------------------------------------------------------------------------------------------------------------------------------------ 125,000 D ------------------------------------------------------------------------------------------------------------------------------------ 500,000 D ------------------------------------------------------------------------------------------------------------------------------------ 500,000 D ------------------------------------------------------------------------------------------------------------------------------------ 500,000 D ------------------------------------------------------------------------------------------------------------------------------------ 375,000 D ------------------------------------------------------------------------------------------------------------------------------------ 625,000 D ------------------------------------------------------------------------------------------------------------------------------------ 750,000 D ------------------------------------------------------------------------------------------------------------------------------------ Explanation of Responses: Renaissance Capital Growth & Income Trust PLC is the beneficial owner of more than 10% of the Company's common stock on a fully converted basis. (J) (1) On 4/11/01 the Filer purchased a $150,000 8% Convertible ------------------------------------------------------------------------------------------------------------------------------------ Promissory Note due and payable in 120 days with a conversion price of $0.20 per share. The Investment Advisor is Renaissance Capital Group, Inc., which is also Investment Manager for Renaissance US Growth and Income Fund III, Inc. Renaissance US Growth and ------------------------------------------------------------------------------------------------------------------------------------ Income Fund III, Inc. also owns securities of Integrated Security Systems, Inc. Russell Cleveland, President & CEO, Renaissance Capital Growth & Income Fund III, Inc. ------------------------------------------------------------------------------------------------------------------------------------ May 9, 2001 ------------------------------------------------------------------------------------------------------------------------------------ ** Intentional misstatements or omissions of facts **Signature of Reporting Person Date constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Page 2 ------------------------------------------------------------------------------------------------------------------------------------ Potential persons who are to respond to the collection of information contained SEC 1474 (7-96) in this form are not required to respond unless the form displays a currently valid OMB Number. 1997(C) ProFormWare 561-447-6684 ------------------------------------------------------------------------------------------------------------------------------------