SEC Form 4 · accession 0001213900-16-019627
Keyuan Petrochemicals, Inc. · KEYP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Delight Reward Ltd
10% Owner
Period of report
Dec 19, 2016
Accepted (ET)
Dec 22, 2016 · 4:12 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001326396
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1,F2,F3 | Dec 19, 2016 | S$0 | 53,051,001 | — | D | 56,862,866 | I | By XinKe Petrochemicals Inc. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 19, 2016, pursuant to a contribution agreement between Delight Reward Limited (the "Reporting Person"), and XinKe Petrochemicals Inc., a Nevada corporation ("XinKe"), the Reporting Person purchased 53,051,001 shares of common stock of XinKe, par value $0.001 per share ("XinKe Share") in exchange of 53,051,001 shares of common stock of Keyuan Petrochemicals, Inc. (the "Company"), par value $0.001 per share ("Keyuan Share"), in a private placement in reliance upon the exemption from securities registration afforded by Regulation D as promulgated under and/or Rule 4(a)(2) of the Securities Act of 1933, as amended.
- F2On December 19, 2016, 7 shareholders of the Company respectively purchased an aggregate of 3,811,865 XinKe Shares in exchange for an aggregate of 3,811,865 Keyuan Shares.
- F3As a result of the private placement described in footnote (1) and purchases described in footnote (2), XinKe became a shareholder of the Company holding approximately 90% of issued and outstanding Keyuan Shares and the Reporting Person became a beneficial owner of 56,862,866 Keyuan Shares through its ownership of XinKe.