Edgar Filing: Tassone Joseph

Ownership Submission

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 ^*

Tassone Joseph

2. Issuer Name and Ticker or Trading Symbol
SCM MICROSYSTEMS INC [INVE]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Ex VP Technology & Product Mgt

(Last)

(First)

(Middle)

1900-B CARNEGIE AVENUE

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2010

(Street)

SANTA ANA, CA 92705

4. If Amendment, Date Original Filed(Month/Day/Year)
03/18/2010

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/15/2010		J⁽¹⁾		60,999	A	$ 1.7054 ⁽²⁾	114,679	D
Common Stock	03/15/2010		J⁽¹⁾		43,680	A	$ 1.717	158,359	D
Common Stock	03/15/2010		G⁽³⁾⁽⁴⁾		62,500	A	$ 0	220,859	D

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Tassone Joseph 1900-B CARNEGIE AVENUE SANTA ANA, CA 92705			Ex VP Technology & Product Mgt

Signatures

/s/ Joseph Tassone		03/23/2010
^**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)	Reflects distribution of 104,679 shares of common stock of the Issuer by Mountain Partners AG to the Reporting Person. Prior to such distribution, these shares were held by Mountain Partners AG as custodian on behalf of the Reporting Person following the business combination of the Issuer and Bluehill ID AG, a stock corporation incorporated in Switzerland ("Bluehill ID"), in which the Reporting Person received 104,679 shares of common stock of the Issuer in exchange for 201,306 bearer shares in Bluehill ID.
(2)	Original cost basis of 1 CHF per share, or $1.7054, based on the average exchange rate for the month of November 2007 as reported on Oanda.com
(3)	Reflects a bona fide gift to the Reporting Person of 62,500 shares of the Issuer's Common Stock by BH Capital Management AG, a company controlled by the Issuer's CEO and Chairman, Ayman S. Ashour, and Mountain Partners AG. The closing price for the shares of Common Stock on such date, as reported by The NASDAQ Stock Market, was $1.84 per share.
(4)	This Form 4/A is being filed to correct an inadvertent error in the disclosures contained in the number of shares shown and in footnote 3 of the Form 4/A for this Reporting Person filed on March 18, 2010

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