FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Puritan Partners LLC

(Last) (First) (Middle)
369 LEXINGTON AVE. 25TH FLOOR

(Street)
NEW YORK NY 10017

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Transportation & Logistics Systems, Inc. [ TLSS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2020
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock (1) 04/20/2020   S   500,000 D $ 0.031 3,800,000 D  
Common Stock (1) 04/20/2020   C   7,000,000 A $ 0.009 10,800,000 D  
Common Stock (1) 04/20/2020   S   3,000,000 D $ 0.02 7,800,000 D  
Common Stock (1) (2) 04/21/2020   S   4,294,855 D $ 0.014 3,505,145 D  
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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Original Issue Discount Senior Convertible Note (3) $ 0.009 (4) 04/20/2020   C     $ 63,000 08/30/2019 11/30/2020 Common Stock 7,000,000 $ 0 $ 521,864.23 D  
Common Stock Purchase Warrant $ 3.5 (5)             08/30/2019 08/30/2024 Common Stock 222,223   222,223 D  
Explanation of Responses:
1. Reference is made to a Schedule 13G filed by the Reporting Person on May 5, 2020 for details on how the Reporting Person inadvertently became a beneficial owner of more than 4.99% of outstanding stock based on incorrect information provided by the issuer's transfer agent. In connection with the Reporting Person's conversion on April 20, 2020, it was its intention to sell such securities in an expeditious manner as market conditions allowed and not exercise any indicia of control of the issuer.
2. As of April 21, 2020, the Reporting Person ceased to beneficially own 10% or more of outstanding common stock based on information supplied by the issuer.
3. The conversion is exempt from Section 16(b) under the Securities Exchange Act of 1934 by virtue of Rule 16b-6.
4. The conversion price is subject to adjustment in accordance with the Convertible Note.
5. The exercise price is subject to adjustment in accordance with the Common Stock Purchase Warrant.
/s/ Richard Smithline, Managing Member 05/06/2020
** Signature of Reporting Person Date
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* 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).
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