XFRA:CF1 Insider Activity 4 Filing - 6/4/2012

Effective Date 6/4/2012

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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Waye Thom
  2. Issuer Name and Ticker or Trading Symbol
DecisionPoint Systems, Inc. [DPSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O SIGMA CAPITAL ADVISORS, LLC, 800 THIRD AVENUE, SUITE 1701
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2012
(Street)

NEW YORK, NY 10022
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Common Stock, par value $.001 per share 06/04/2012   J(1)   297,727 A (1) 933,427 I See Footnote(2)(3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
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
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Waye Thom
C/O SIGMA CAPITAL ADVISORS, LLC
800 THIRD AVENUE, SUITE 1701
NEW YORK, NY 10022
    X    
Sigma Capital Advisors, LLC
800 THIRD AVENUE
SUITE 1701
NEW YORK, NY 10022
    X    
Sigma Capital Partners, LLC
800 THIRD AVENUE
SUITE 1701
NEW YORK, NY 10022
    X    
Sigma Opportunity Fund II, LLC
800 THIRD AVENUE
SUITE 1701
NEW YORK, NY 10022
    X    

Signatures

 /s/ Kevin W. Waite, Power of Attorney   06/06/2012
** Signature of Reporting Person Date

 /s/ Kevin W. Waite, Authorized Representative   06/06/2012
** Signature of Reporting Person Date

 /s/ Kevin W. Waite, Authorized Representative   06/06/2012
** Signature of Reporting Person Date

 /s/ Kevin W. Waite, Authorized Representative   06/06/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Pursuant to a certain consent and waiver agreement, dated as of June 4, 2012, among the Issuer, Sigma Opportunity Fund II, LLC ("Sigma Fund"), Sigma Capital Advisors, LLC ("Sigma Advisors") and others, the Issuer agreed to issue 272,727 shares of common stock to Sigma Fund and 25,000 shares of common stock to Sigma Advisors.
(2) This Form 4 is filed jointly by Sigma Fund, Sigma Advisors, Sigma Capital Partners, LLC ("Sigma Partners") and Thom Waye.
(3) Of these securities, (i) 65,000 shares are owned directly by Sigma Advisors and (ii) 868,427 shares are owned directly by Sigma Fund. Mr. Waye, Sigma Partners and Sigma Advisors may be deemed to indirectly beneficially own the securities not directly owned by virtue of Mr. Waye being the sole member of Sigma Partners, which is the sole member of Sigma Advisors, the managing member of Sigma Fund for which Mr. Waye is the manager. Each of the reporting persons disclaims beneficial ownership of the securities not directly owned by them except to the extent of their pecuniary interest therein.

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XFRA:CF1 Insider Activity 4 Filling

XFRA:CF1 Stock - Get Insider Activity SEC Filing of XFRA:CF1 stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XFRA:CF1 Insider Activity 4 Filing - 6/4/2012
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