Amended Statement of Beneficial Ownership (sc 13d/a)
14 März 2014 - 7:59PM
Edgar (US Regulatory)
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OMB
APPROVAL
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OMB
Number: 3235-0145
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
13D
Under the Securities
Exchange Act of 1934
(Amendment No. 1 )*
MOBIQUITY TECHNOLOGIES,
INC.. formerly Ace Marketing & Promotions, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
60743F102
(CUSIP Number)
Steven Morse, Esq.,
Morse & Morse, PLLC., 1400 Old Country Road,Westbury, NY 11590 (516-487-1446)
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 10, 2013
(Date of Event which Requires
Filing of this Statement)
If the filing person has previously
filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule
because of Rule 13d-1(b)(3) or (4), check the following box 9.
Check the following box if a fee
is being paid with the statement 9. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.)
Note:
Six copies of this
statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are
sent.
*The remainder of this cover page
shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed"
for the purpose of Section 18 of the Securities Exchange Act ("ACT") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP
NO. 60743F102
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13D
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Page 2 of 4 Pages
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1.
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NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Clyde Berg
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)
¨
(b)
¨
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS (see instructions)
PF
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
6,800,000
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8.
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SHARED VOTING POWER
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9.
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SOLE DISPOSITIVE POWER
6,800,000
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10.
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SHARED DISPOSITIVE POWER
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11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,800,000
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (see instructions)
x
Excludes 999,999 shares held in a charitable remainder trust in
which he has a 25% income interest.
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.1%
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14.
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TYPE OF REPORTING PERSON*
IN
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* Based upon 59,529,913
shares
outstanding as of February 21, 2014, plus 1,983,333 warrants owned by Mr. Berg for a total of 61,513,246 shares.
*SEE INSTRUCTIONS BEFORE FILLING
OUT!
INCLUDE BOTH SIDES OF THE COVER
PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS)
OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
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CUSIP
NO. 60743F102
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13D
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Page 3 of 4 Pages
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Item 1
. Security and Issuer
This statement relates
to the Common Stock of Mobiquity Technologies, Inc., formerly Ace Marketing & Promotions, Inc. (the “Issuer”).
The Issuer’s executive office is located at 600 Old Country Road, Suite 541, Garden City, NY 11530.
Item 2
. Identity and Background
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(a)
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Clyde Berg
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(b)
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10050 Bandley Drive,
Cupertino, CA 95014
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(c)
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Real estate investor
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(d)
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Not applicable.
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(e)
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Not applicable.
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Item 3
. Source and
Amount of Funds or Other Consideration
Personal funds.
Item 4
. Purpose of
Transactions
(a) - (j) Not applicable.
Item
5
. Interest in Securities of the Issuer
(a)-(b) As of February 21, 2014, the Issuer has outstanding
59,529,913
shares of Common
Stock. Of the foregoing shares of Common Stock, the reporting person beneficially owns and has the right to vote and to dispose
of 6,800,000 shares of Common Stock (inclusive of outstanding warrants to purchase 1,983,333 shares), representing 11.1% of the
outstanding Common Stock, which represents the only outstanding class of voting capital stock. The reporting person has the sole
power to dispose and vote of all shares of Common Stock owned by him. The foregoing excludes 666,666 shares and Class BB Warrants
to purchase 333,333 shares of Common Stock held by a charitable remainder trust in which Mr. Berg’s brother is the trustee
and Mr. Berg has a 25% income interest.
(c)
In November, 2013, the Issuer issued to the Reporting Person 1,666,667 shares of Common Stock and Class BB Warrants to purchase
833,333 shares of Common Stock exercisable at $.50 per share through December 15, 2017, at a purchase price of $500,000. In January
2014, a Clyde Berg charitable remainder trust paid $200,000 and purchased 666,666 shares of Common Stock and Class BB Warrants
to purchase 333,333 shares. As described above, Mr. Berg has a 25% income interest in this trust.
(d)
- (e) Not Applicable.
Item
6
. Contracts, Arrangements, Understandings or Relationships with Respect to the Securities of the Issuer.
Not
applicable.
Item
7
. Materials to be filed as Exhibits
Not
applicable.
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CUSIP
NO. 60743F102
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13D
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Page 4 of 4 Pages
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Signature
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: March
14, 2014
Signature
By:
/s/ Clyde
Berg
Clyde
Berg
Mobiquity Technologies (PK) (USOTC:MOBQ)
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