Amended Statement of Ownership (sc 13g/a)
August 17 2018 - 3:32PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment No. 2)*
IPSIDY
INC.
(Name
of Issuer)
Common
Stock, $0.0001 par value per share
(Title
of Class of Securities)
46264C
107
(CUSIP
Number)
August 15, 2018
(Date
of Event Which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
a.
☐ Rule 13d-1(b)
b.
☒ Rule 13d-1(c)
c.
☐ Rule 13d-1(d)
*
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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 the disclosures
provided in a prior cover page.
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The
information required in 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).
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CUSIP
No.
46264C 107
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1.
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Names
of Reporting Persons.
I.R.S.
Identification Nos. of above persons (entities only)
Stephen
J. Garchik
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2.
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Check
the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐
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3.
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SEC
Use Only
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4.
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Citizenship
or Place of Organization
USA
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Number
of
Shares
Beneficially
Owned
by
Each
Reporting
Person
With:
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5.
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Sole
Voting Power
36,710,672(1)
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6.
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Shared
Voting Power
0
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7.
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Sole
Dispositive Power
36,710,672(1)
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8.
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Shared
Dispositive Power
0
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9.
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Aggregate
Amount Beneficially Owned by Each Reporting Person
36,710,672(1)
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10.
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Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐
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11.
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Percent
of Class Represented by Amount in Row (9)
7.6%
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12.
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Type
of Reporting Person (See Instructions)
IN
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(1)
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As of August 16, 2018, Stephen
J. Garchik holds (i) 33,681,505 shares of common stock, (ii) a common stock purchase warrant to acquire 2,200,000 shares of Common
Stock at an exercise price of $0.05 per share, (iii) a common stock purchase warrant to acquire 166,667 shares of Common Stock
at $0.10 per share and (iv) a common stock purchase warrant to acquire 312,500 shares of Common Stock at $0.10 per share. In addition,
Garchik Universal Limited Partnership, which Mr. Garchik jointly controls with his sister, holds 350,000 shares of common stock.
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Item
1.
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(a)
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Name
of Issuer
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Ipsidy
Inc. (the “
Issuer
”)
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(b)
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Address
of Issuer’s Principal Executive Offices
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780
Long Beach Blvd.
Long
Beach, New York 11561
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Item
2.
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(a)
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Name
of Person Filing
Stephen
J. Garchik
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(b)
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Address
of Principal Business Office or, if none, Residence
2474 South Ocean Boulevard
Highland Beach, Florida 33487
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(c)
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Citizenship
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USA
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(d)
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Title
of Class of Securities
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Common
stock, $0.0001 par value per share, of the Issuer (the “
Common Stock
”) and Common Stock Purchase Warrants
to acquire Common Stock.
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(e)
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CUSIP
Number
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46264C
107
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Item
3.
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If
this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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Not
applicable.
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Item
4.
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Ownership.
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Provide
the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in
Item 1.
(a) Amount beneficially owned: 36,710,672(1)
(b) Percent of class: 7.6%
(c) Number of shares as to which such person
has:
(i) Sole power to vote or to direct the vote:
36,710,672(1)
(ii) Shared power to vote or to direct the
vote: 0
(iii) Sole power to dispose or to direct
the disposition of: 36,710,672(1)
(iv) Shared power to dispose or to direct
the disposition of: 0
(1) As of August 16, 2018, Stephen J. Garchik holds (i) 33,681,505 shares of common stock, (ii) a common stock
purchase warrant to acquire 2,200,000 shares of Common Stock at an exercise price of $0.05 per share, (iii) a common stock purchase
warrant to acquire 166,667 shares of Common Stock at $0.10 per share and (iv) a common stock purchase warrant to acquire 312,500
shares of Common Stock at $0.10 per share. In addition, Garchik Universal Limited Partnership, which Mr. Garchik jointly controls
with his sister, holds 350,000 shares of common stock.
Item
5.
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Ownership
of Five Percent or Less of a Class
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Not
applicable.
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Item
6.
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Ownership
of More than Five Percent on Behalf of Another Person.
Not
applicable.
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Item
7.
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Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
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Not
applicable.
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Item
8.
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Identification
and Classification of Members of the Group
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Not
applicable.
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Item
9.
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Notice
of Dissolution of Group
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Not
applicable.
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Item
10.
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Certification
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By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities
and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
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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.
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Date: August 17, 2018
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/s/
Stephen J. Garchik
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Stephen
J. Garchik
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