SEC Form 3 · accession 0001213900-17-000092
Keyuan Petrochemicals, Inc. · KEYP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
XinKe Petrochemicals Inc.
10% Owner
Period of report
Dec 19, 2016
Accepted (ET)
Jan 5, 2017 · 11:23 am 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 | holding | — | — | — | 56,862,866 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 19, 2016, pursuant to a contribution agreement between XinKe Petrochemicals Inc., a Nevada corporation (the "Reporting Person"), and Delight Reward Limited, a British Islands company ("Delight Reward"), the Reporting Person purchased 53,051,001 shares of common stock of Keyuan Petrochemicals, Inc. (the "Company"), par value $0.001 per share ("Keyuan Share") in exchange of 53,051,001 shares of common stock of the Reporting Person, par value $0.001 per share ("XinKe 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 or about the same day, the Reporting Person purchased from 7 shareholders of the Company respectively an aggregate of 3,811,865 Keyuan Shares in exchange for an aggregate of 3,811,865 XinKe Shares.
- F3As a result of the such purchases listed in Item (1) and (2) above, the Reporting Person became a shareholder of the Company holding 56,862,866 Keyuan Shares representing approximately 90% of issued and outstanding Keyuan Shares.