Statement of Ownership (sc 13g)
February 10 2017 - 5:28PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
IPSIDY INC. (F/K/A ID GLOBAL SOLUTIONS CORPORATION)
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
46264C 107
(CUSIP Number)
January 31, 2017
(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.
x
Rule 13d-1(c)
c.
¨
Rule 13d-1(d)
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*
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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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1.
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Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only)
Eric Rand
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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
Florida
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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
24,672,850 (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
24,672,850 (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
24,672,850 (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)
7.34%
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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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Includes the following securities held by Mr. Rand: (i) 13,219,517 shares of common stock, (ii) a common stock purchase warrant to acquire 953,333 shares of common stock at $0.05 per share, (iii) a common stock purchase warrant to acquire 500,000 shares of common stock at $0.10 per share and (iv) a common stock purchase warrant to acquire 10,000,000 shares of common stock at $0.10 per share.
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Item 1.
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(a)
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Name of Issuer
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Ipsidy Inc. (f/k/a
ID Global Solutions Corporation) (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, NY 11561
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Item 2.
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(a)
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Name of Person Filing
Eric Rand
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(b)
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Address of Principal Business Office or, if none, Residence
17722 Middlebrook Way
Boca Raton FL 33496
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(c)
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Citizenship
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Florida
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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: 24,672,850
(1)
(b) Percent of class: 7.34%
(c) Number of shares as to which such person
has:
(i) Sole power to vote or to
direct the vote: 24,672,850 (1)
(ii) Shared power to vote or to direct the
vote: 0
(iii) Sole power to dispose or to direct
the disposition of: 24,672,850 (1)
(iv) Shared power to dispose or to direct
the disposition of: 0
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(1)
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Includes the following securities held by Mr. Rand: (i) 13,219,517 shares of common stock, (ii) a common stock purchase warrant
to acquire 953,333 shares of common stock at $0.05 per share, (iii) a common stock purchase warrant to acquire 500,000 shares of
common stock at $0.10 per share and (iv) a common stock purchase warrant to acquire 10,000,000 shares of common stock at $0.10
per share.
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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: February 10, 2017
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/s/ Eric Rand
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Eric Rand
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