Data Storage Corporation

07/31/2024 | Press release | Distributed by Public on 07/31/2024 14:13

Amendment to Statement of Changes in Beneficial Ownership - Form 4/A

Ownership Submission
FORM 4/A
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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Correll Todd A.
2. Issuer Name and Ticker or Trading Symbol
Data Storage Corp [DTST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O DATA STORAGE CORPORATION, 48 , SOUTH SERVICE ROAD, SUITE 203
3. Date of Earliest Transaction (Month/Day/Year)
(Street)
MELVILLE NY 11747
4. If Amendment, Date Original Filed(Month/Day/Year)
2024-04-02
6. Individual or Join/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code 4. Securities Acquired (A) or Disposed of (D) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 6. Ownership Form: Direct (D) or Indirect (I) 7. Nature of Indirect Beneficial Ownership
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security 8. Price of Derivative Security 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 11. Nature of Indirect Beneficial Ownership
Code V (A) (D) Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Correll Todd A.
C/O DATA STORAGE CORPORATION, 48
SOUTH SERVICE ROAD, SUITE 203
MELVILLE, NY11747
X

Signatures

/s/ Wendy Schmittzeh, Attorney-in-fact 2024-07-31
**Signature of Reporting Person Date

Explanation of Responses:

(*) If the form is filed by more than one reporting person, see Instruction 5(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).
(1) Restricted stock units ("RSUs") convert into common stock on a one-for-one basis and represent a contingent right to receive one share of the Issuer's common stock.
(2) On March 31, 2023 the reporting person was granted 2,500 RSUs, which vested on March 31, 2024.
(3) Represents the shares of the Issuer's common stock underlying an RSU grant to Mr. Correll on March 31, 2024, which RSUs vest on the one-year anniversary of the date of grant.
(4) The amount of derivative securities beneficially owned by Mr. Correll following the reported transaction is correctly reported on this Form 4. The amount of derivative securities beneficially owned by Mr. Correll following the reported transaction has been adjusted to correct errors in prior Form 4 filings that were filed with the Securities and Exchange Commission on July 5, 2023, October 11, 2023, January 3, 2024 and April 2, 2024, each of which indicated the balance of derivative securities beneficially owned by Mr. Correll following the reported transaction as being 2,500 greater than the actual number that should have been reported.
(5) These options ("Options") vest and become exercisable in three equal annual installments over the three-year period measured from March 31, 2024, vesting commencing on March 31, 2025. These Options will expire on March 30, 2034.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.