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

Item 1.

Security and Issuer.

Common stock of Fusion Telecommunications International, Inc., $0.01 par value (the “Common Stock”).

Item 2.

Identity and Background.

a.

Name

This statement is filed by: (i) Unterberg Capital, LLC; (ii) Unterberg Technology Partners GP, LLC; (iii) UKC GP, LLC; (iv) Unterberg Technology Partners, L.P.; (v) Unterberg Koller Capital Fund, L.P.; (vi) Thomas I. Unterberg; and (vii) Ross A. Koller. The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

b.	Residence or Business Address

The address of the business office of each of the Reporting Persons is 445 Park Ave, Room 901, New York, NY 10022.

c.	Occupation

Thomas I. Unterberg is the Chief Investment Officer of Unterberg Capital, LLC.

Ross A. Koller is the Portfolio Manager of Unterberg Koller Capital Fund, L.P. and of Unterberg Technology Partners, L.P.

d.	Convictions

No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

e.	Civil Judgments

No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

f.	Citizenship

Unterberg Capital, LLC is a Delaware limited liability company. Unterberg Technology Partners GP, LLC is a Delaware limited liability company. UKC GP, LLC is a Delaware limited liability company. Unterberg Technology Partners LP is a Delaware limited partnership. Unter Koller Capital Fund, L.P. is a Delaware limited partnership. Each of Thomas I. Unterberg and Ross A. Koller is a United States citizen.

Item 3.

Source or Amount of Funds or Other Consideration.

5,000 shares of Fusion Telecommunication series B-2 Senior cumulative convertible preferred stock were acquired by Unterberg Koller Capital Fund, L.P. on December 31, 2013 for a purchase price of $5,000,000. All 5,000 preferred shares were converted into 1,666,667 shares of Common Stock on February 11, 2016.

193,370 shares of Common Stock were acquired by Unterberg Koller Capital Fund, L.P. by dividend in the following amounts: 14,521 shares on March 31, 2014; 12,356 shares on June, 2014; 17,708 shares on September 30, 2014; 22,558 shares on December 31, 2014; 17,067 shares on March 31, 2015; 35,047 shares on June 30, 2015; 33,848 shares on September 30, 2015; 23,112 shares on December 31, 2015; and 17,153 shares on February 11, 2016.