FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

PROBST LYLE L
2. Issuer Name and Ticker or Trading Symbol

POSITIVEID Corp [ PSID ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President
(Last)          (First)          (Middle)

1690 SOUTH CONGRESS AVENUE, SUITE 201
3. Date of Earliest Transaction (MM/DD/YYYY)

8/11/2016
(Street)

DELRAY BEACH, FL 33445
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series I Convertible Preferred Stock   (1)   (2) 8/11/2016     J   (1)       415   (1)     (1)   (4) Common Stock   415   (3)   (1) 0   (1) D    
Series II Convertible Preferred Stock   (1) (5) $0.10   (5) 8/11/2016     A      456   (5)        (5)   (4) Common Stock   456   (5)   (5) 456   (5) D    

Explanation of Responses:
( 1)  Mr. Probst has entered into an exchange agreement pursuant to which he has exchanged 415 shares of Series I Convertible Preferred Stock, with a liquidation value of $456,419, for 456 shares of Series II Convertible Preferred Stock, with an initial liquidation value of $456,000. Any such shares of Series I Convertible Preferred Stock previously issued to Mr. Probst are null and void and any and all rights arising thereunder are extinguished.
( 2)  The Series I post reverse stock split conversion prices were (i) $1.80;(ii) $1.23; (iii) $1.35; and (iv) 1.04, based on the conversion prices on such dates of grant of the Series I, and had a vesting date of January 1, 2017.
( 3)  The 415 shares of the Company's Convertible Series I Preferred Stock were convertible as of August 11, 2016 into 367,393 shares of common stock, par value of $0.01.
( 4)  No expiration date
( 5)  The Series II granted to Mr. Probst has a stated value of $1,000 per share and as of August 11, 2016, are convertible into 4,614,954 shares of common stock, par value of $0.01, at $0.10 per share. Each share of Series II holds 25 votes per share for a total of 115,373,862 votes. These shares constitute the majority of his beneficial ownership in the Company. The Series II shares will vest on January 1, 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
PROBST LYLE L
1690 SOUTH CONGRESS AVENUE
SUITE 201
DELRAY BEACH, FL 33445


President

Signatures
/s/ Allison Tomek, Attorney-in-Fact 8/12/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts 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.
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