DSS, INC. — Director's Dealing 2011

May 23, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DOCUMENT SECURITY SYSTEMS INC (DMC)
CIK: 0000771999
Period of Report: 2011-05-12

Reporting Person: ROY MICHAEL J (President, Digital Division)

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON STOCK	47168	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OPTIONS	$3.33	2016-05-11	COMMON STOCK (32832)		Direct

Footnotes

F1: Common stock grant from the Company's 2004 Employee Stock Option Plan, as amended, which vests pro ratably in four equal
installments on May 12, 2012, 2013, 2014 and 2015.

F2: Options grant from the Company's 2004 Employee Stock Option Plan, as amended, which vests pro ratably in four equal
installments on May 12, 2012, 2013, 2014 and 2015.