SEC Form 4 · accession 0001214659-16-013559
POWIN ENERGY CORP · PWON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Lu
Officer — CEO · Director · 10% Owner
Period of report
Sep 1, 2016
Accepted (ET)
Sep 1, 2016 · 7:23 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 | Sep 1, 2016 | S | 1,538,377 | $1.42 | D | 15,820,257 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were transferred to a private lender as additional payment in satisfaction of the loan. The effective price per share is calculated based on the amount of the loan and the total number of shares transferred in satisfaction of the loan. See footnote (1) to the Reporting Persons report on Form 4 filed August 22, 2016.
- F2These shares are held by the Joseph Lu Trust and by the Mei Yi Living Trust, respectively.