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

(iii) Sole power to dispose or to direct the disposition of: 0

(iv) Shared power to dispose or to direct the disposition of: 4,029,499

Ross A. Koller

(a) Amount beneficially owned: 4,029,499

(b) Percent of class: 27.24%

(c) Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote: 0

(ii) Shared power to vote or to direct the vote: 4,029,499

(iii) Sole power to dispose or to direct the disposition of: 0

(iv) Shared power to dispose or to direct the disposition of: 4,029,499

b.

For each person named, indicate the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition.

See (a) above.

c.

Describe any transactions that were effected during the past sixty days or since the most recent filing of Schedule 13D.

[1] These securities were acquired for no additional consideration through the conversion of Series B-2 Senior cumulative convertible preferred stock, which were originally acquired on December 31, 2013 for consideration of $5,000,000.

[2] These securities were acquired by a dividend for no additional consideration.

d.

If any other person is known to have the right to receive or direct dividends or proceeds from the sale of securities, a statement to that effect should be included:

e.

The date the reporting person ceased to be the beneficial owner of more than five percent of the class of securities: (If applicable)

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Relationships with Respect to Securities of the Issuer

Describe any contracts, arrangements, understandings or relationships among the persons named in Item 2 and between such persons and any person with respect to any securities of the issuer:

N/A

Item 7.

Material to Be Filed as Exhibits.

Exhibit 1: Joint Filing Agreement, dated as of February 12, 2016, between Unterberg Capital, LLC; Unterberg Technology Partners GP, LLC; UKC GP, LLC; Unterberg Technology Partners, L.P.; Unterberg Koller Capital Fund, L.P.; Thomas I. Unterberg; and Ross A. Koller.