SEC Form 4/A · accession 0001214659-16-013347
POWIN ENERGY CORP · PWON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Joseph Lu
Officer — President/CEO · Director · 10% Owner
Period of report
Jul 10, 2016
Accepted (ET)
Aug 22, 2016 · 3:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001468780
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jul 17, 2016 | S | 1,992,403 | $2.51 | D | 17,358,634 | D | |
| Common StockF3,F2 | Jul 10, 2016 | M | 5,951,947 | $0.56 | A | 19,351,037 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were pledged to a private party for a loan to the Reporting Person and eventually assigned and transferred to the lender in full satisfaction of the loan. The price per share is based on the amount of the loan and the number of shares pledged.
- F2These shares are held by the Joseph Lu Trust and by the Mei Yi Living Trust, respectively.
- F3The reported 5,951,947 shares were issued upon the conversion of the Issuer's 2015 Preferred Stock at the ratio of one --for-one. The price of the common stock issued upon the conversion reflects the original issuance price per share for the preferred stock.