SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 23, 2010
DOCUMENT SECURITY SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Registrant’s telephone number, including area code: (585) 325-3610
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Item 3.02 Unregistered Sales of Equity Securities.
On December 24, 2010, the holder of a $450,000 Convertible Note dated December 24, 2009, exercised the conversion feature of the note for 260,116 shares of Document Security Systems Common Stock, par value $0.02 which retired the debt in full.
Item 8.01 Other Events
On December 23, 2010, the Registrant was notified by Trebuchet Capital Partners, LLC that the Dutch Court issued its decision in an appeal of a previous favorable patent validity decision which was brought by the European Central Bank against Document Security Systems, Inc. The Dutch Court has ruled that European Patent No 0455750B1, that was awarded to the Company by the European Patent Office and upheld as “valid” in a previous hearing in the Cutch Court, has now been deemed invalid in the Netherlands.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.