Amended Statement of Ownership (sc 13g/a)
June 28 2019 - 4:04PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment
No. 4)*
IPSIDY
INC.
(Name
of Issuer)
Common
Stock, $0.0001 par value per share
(Title
of Class of Securities)
46264C
107
(CUSIP
Number)
February
12, 2019
(Date
of Event Which Requires Filing of this Statement)
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
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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).
CUSIP
No.
46264C 107
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
38,854,772(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
38,854,772(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
38,854,772(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)
7.5%
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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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Stephen
J. Garchik acquired 1,875,000 shares of common stock. As of June 26, 2019, Mr. Garchik holds (i) 35,825,605 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. The above percent of common stock is based
on 518,125,454 shares of common stock presently outstanding.
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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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670
Long Beach Blvd.
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Long
Beach, New York 11561
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Item
2.
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(a)
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Name
of Person Filing
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Stephen
J. Garchik
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(b)
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Address
of Principal Business Office or, if none, Residence
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2474
South Ocean Boulevard
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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.
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(a)
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Amount
beneficially owned: 38,854,772(1)
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(b)
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Percent
of class: 7.5%
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(c)
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Number
of shares as to which such person has:
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(i)
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Sole
power to vote or to direct the vote: 38,854,772(1)
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(ii)
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Shared
power to vote or to direct the vote: 0
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(iii)
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Sole
power to dispose or to direct the disposition of: 38,854,772(1)
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(iv)
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Shared
power to dispose or to direct the disposition of: 0
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(1)
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Stephen
J. Garchik acquired 1,875,000 shares of common stock. As of June 26, 2019, Mr. Garchik holds (i) 35,825,605 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. The above percent of common stock is based
on 518,125,454 shares of common stock presently outstanding.
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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.
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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.
Date:
June 28, 2019
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/s/
Stephen J. Garchik
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Stephen
J. Garchik
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