DSS, INC. — Major Shareholding Notification 2008

Jul 1, 2008

SC 13D/A 1 v118347_sc13da.htm Unassociated Document Licensed to: vf Document Created using EDGARizer HTML 3.0.4.0 Copyright 2006 EDGARfilings, Ltd., an IEC company. All rights reserved EDGARfilings.com

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

DOCUMENT SECURITY SYSTEMS, INC.

(Name of Issuer)

Common Stock, $0.02 par value per share

(Titles of Classes of Securities)

25614T-10-1

(CUSIP Number)

Patrick White

28 East Main Street, Suite 1525

Rochester, New York 14614

(585) 325-3610

(Name, Address and Telephone Number of Person Authorized

to Receive Notices and Communications)

June 25, 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 statement 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 § 240.13d-7(b) 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).

SCHEDULE 13D

CUSIP No. 64108N10

SCHEDULE 13D/A

CUSIP NO.: 25614T-10-1

(1)	NAME OF REPORTING PERSON:
	Charles
M. LaLoggia
(2)	CHECK THE APPROPRIATE BOX IF A MEMBER
OF A
GROUP
	(a) o
	(b) o
(3)	SEC USE ONLY
(4)	SOURCE OF FUNDS:
	N/A
(5)	CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d)
or 2(e)
	o
(6)	CITIZENSHIP
OR PLACE OF ORGANIZATION:
	United
States of America

	(7)	SOLE VOTING POWER:
		1,351,610
NUMBER
OF	(8)	SHARED VOTING POWER:
SHARES
BENEFICIALLY		0
OWNED
BY	(9)	SOLE DISPOSITIVE POWER:
EACH
REPORTING
PERSON
WITH:		1,351,610
	(10)	SHARED DISPOSITIVE POWER:
		0

| (11) | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
| --- | --- |
| | 1,351,610
shares of common stock, $0.02 par value per
share |
| (12) | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES |
| | o |
| (13) | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
| | 9.5% |
| (14) | TYPE
OF REPORTING PERSON: |
| | IN |

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SCHEDULE 13D

CUSIP No. 64108N10

SCHEDULE 13D/A

This Amendment No. 1 amends the Schedule 13D filed by Charles M. LaLoggia (“Registrant”) on September 17, 2002.

ITEM 1. Security and Issuer.

Common stock, $0.02 par value per share (the shares of such common stock being, “Common Shares”), of Document Security Systems, Inc. (“DSS”). 28 East Main Street, Suite 1525, Rochester, New York 14614.

ITEM 5. Interest in Securities of the Issuer.

Item 5 is amended as follows:

(a) Registrant is the direct beneficial owner of 1,351,610 Common Shares, which represent approximately 9.5% of the outstanding Common Shares, based on 14,167,698 Common Shares outstanding on May 8, 2008, according to DSS’ Form 10-Q filed on May 12, 2008.

(b) Registrant possesses the sole power to vote and to dispose of 1,351,610 Common Shares.

(c) In the past 60 days, the Registrant effected the sale of 75,000 Common Shares on June 25, 2008 to Walton Invesco Inc. ( “Walton ”) , at a per share price of $2.50, pursuant to that certain Sale and Assignment Agreement, dated June 25, 2008, between Registrant and Walton (the “Agreement”).

ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Other than the Agreement, Registrant has no contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of DSS.

Item7. Material to be Filed as Exhibits.

None.

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SCHEDULE 13D

CUSIP No. 64108N10

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.

July 1, 2008

Date

/s/ Charles M. LaLoggia

Signature

Charles M. LaLoggia

Name/Title

3