-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KE1vXjH5kuNtdyudjGmm7ewVrZHLlAez1LN7l4DdB6tXP54Px/fngnn6eV8bKw0N MHBRrvH+QsHguWq2xrzUeg== 0001353068-09-000008.txt : 20090213 0001353068-09-000008.hdr.sgml : 20090213 20090213134939 ACCESSION NUMBER: 0001353068-09-000008 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090213 DATE AS OF CHANGE: 20090213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED SECURITY SYSTEMS INC CENTRAL INDEX KEY: 0000741114 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 752422983 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-47773 FILM NUMBER: 09601329 BUSINESS ADDRESS: STREET 1: 8200 SPRINGWOOD DR STE 230 CITY: IRVING STATE: TX ZIP: 75063 BUSINESS PHONE: 9724448280 MAIL ADDRESS: STREET 1: 8200 SPRINGWOOD DR SUITE 230 CITY: IRVING STATE: TX ZIP: 75063 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RENN Capital Group, Inc. CENTRAL INDEX KEY: 0001353068 IRS NUMBER: 752053968 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 8080 N. CENTRAL EXPRESSWAY STREET 2: SUITE 210, LB-59 CITY: DALLAS STATE: TX ZIP: 75204 BUSINESS PHONE: 214-891-8294 MAIL ADDRESS: STREET 1: 8080 N. CENTRAL EXPRESSWAY STREET 2: SUITE 210, LB-59 CITY: DALLAS STATE: TX ZIP: 75204 SC 13D 1 izzi13dgroup123108.htm


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

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. ________)*

Integrated Securities Systems, Inc.

—————————————————————————————————————————
(Name of Issuer)

Common Stock

—————————————————————————————————————————
(Title of Class of Securities)


45812J101
—————————————————————————————————————————
(CUSIP Number)

Russell Cleveland

8080 N. Central Expressway, Suite 210, LC-59

Dallas, TX 75206

(214) 891-8294
—————————————————————————————————————————
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

12/31/2008
—————————————————————————————————————————
(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. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 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).

Persons who respond to the collection of information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.

SEC 1746 (8-07)

 

Page 1 of 4



CUSIP No.     45812J101

 Page 2 of 4

    1.  Names of Reporting Persons.
        

      RENN Capital Group, Inc.

     75-2053968

    2.  Check the Appropriate Box if a Member of a Group (See Instructions)

(a) o
(b) o

    3.  SEC Use Only

    4.  Source of Funds (See Instructions)
        

       WC

    5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

    6.  Citizenship or Place of Organization
        

       UNITED STATES

   Number of Shares 
   Beneficially
   Owned by
   Each Reporting
   Person With:

    7.  Sole Voting Power

        0

    8.  Shared Voting Power

       101,525,785 (1)

    9.  Sole Dispositive Power

        0

  10.  Shared Dispositive Power

      101,525,785 (2)

  11.  Aggregate Amount Beneficially Owned by Each Reporting Person

      101,525,785(1) (2)

  12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

o

  13.  Percent of Class Represented by Amount in Row (11)

        91.40%

  14.  Type of Reporting Person (See Instructions)

        IV

(1) Renaissance Capital Growth & Income Fund III, Inc. ("RENN3"), Renaissance US Growth Investment Trust Plc ("RUSGIT"), Global Special Opportunities Trust Plc ("GSOT") are the owner of record of the shares and shares voting power over the shares with RENN Capital Group, Inc., its investment adviser ("RENN") pursuant to an investment advisory agreement, Russell Cleveland is an officer of RENN3, RUSGIT & RENN and disclaims any beneficial interest.
(2) Renaissance Capital Growth & Income Fund III, Inc. ("RENN3"), Renaissance US Growth Investment Trust Plc ("RUSGIT"), Global Special Opportunities Trust Plc ("GSOT") are the owner of record of the shares and shares dispositive power over the shares with RENN Capital Group, Inc., its investment adviser ("RENN") pursuant to an investment advisory agreement,Russell Cleveland is an officer of RENN3, RUSGIT & RENN and disclaims any beneficial interest.

CUSIP No. 45812J101

 13D 

  Page 3 of 4 Pages

______________________________________________________________________________________
Item 1.  Security and Issuer.

Integrated Security Systems, Inc.

8200 Springwood Dr. Suite 230, Irving, TX 75063

______________________________________________________________________________________
Item 2.  Identity and Background.

(a)

Russell Cleveland
(b) 8080 N. Central Expressway, Suite 210, Dallas, TX 75206
(c) RENN is an Investment Adviser and Russell Cleveland is an officer of RENN3, RUSGIT & RENN.
(d) N/A
(e) N/A
(f) United States

______________________________________________________________________________________
Item 3.  Source and Amount of Funds or Other Consideration.

The total amount of funds required by RENN3, RUSGIT & GSOT to acquire the securities reported herein was $22,135,795.92 aportion of which was interest due from outstanding debt securities of ISSI where common stock was issued instead.  The source of such funds was the working capital of RENN3, RUSGIT & GSOT.

______________________________________________________________________________________
Item 4.  Purpose of Transaction.

     RENN3, RUSGIT & GSOT acquried the shares in the ordinary course of its business for investment purposes.  Russell Cleveland, President of RENN3 serves on the board of directors of the Company and the board of RUSGIT.     ______________________________________________________________________________________
Item 5.  Interest in Securities of the Issuer.

     (a)  RENN3, RUSGIT & GSOT  holds 101,524,785 shares of common stock which represents 91.40% of the outstanding shares.

     ______________________________________________________________________________________
Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect
              to Securities of the Issuer.

 

______________________________________________________________________________________
Item 7.  Material to be Filed as Exhibits.

 

______________________________________________________________________________________

CUSIP No. 45812J101

 13D 

 Page 3 of 4 Pages




 

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.

 

__2-13-2009__________________________

__________________________________________
/s/ Russell Cleveland, by Rene Jones attorney in fact

                                                                                   __Russell Cleveland,                                            

 

Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

 


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