13D Filing: Unterberg Capital Stockpiling Shares of Fusion Telecommunications International Inc (FSNN)

14,600 shares of Common Stock were acquired by Unterberg Koller Capital Fund, L.P. in the following amounts: 9,600 shares on November 6, 2014 for $3.3789 per share; and 5,000 shares on November 10, 2014 for $3.3239 per share.

1,834,862 shares of Common Stock were acquired by Unterberg Technology Partners, L.P. for a purchase price of $2.18 per share on December 14, 2015.

320,000 warrants of convertible on a one to one basis into Common Stock were acquired in connection with the acquisition of the B-2 Series Senior cumulative convertible preferred stock by Unterberg Koller Capital Fund, L.P. on December 31, 2013. The warrants are presently exercisable for a price of $6.25 per warrant.

The source of funds for the acquisitions was from general investment funds for passive investment purposes.

Item 4.

Purpose of Transaction.

State the purpose or purposes of the acquisition of securities of the issuer:

The Reporting Persons purchased the warrants, convertible B-2 preferred stock and Common Stock (the “Securities”) based on the Reporting Persons’ belief that the Securities, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Securities at prices that would make the purchase or sale of Securities desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Securities, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, purchasing additional Securities or selling some or all of their Securities.

Describe any plans or proposals which relate to or would result in: N/A

a.	An Acquisition or Disposition

b.	A Corporate Transaction:

c.	A Sale or Transfer of Assets:

d.	A Change in Board of Directors:

e.	A Change in Capitalization:

f.	Other Material Change:

g.	Changes to Charter

h.	Causing Delisting:

i.	Termination of Registration:

j.	A Similar Action: