SEC Form 4/A · accession 0001659367-17-000002
IONIX TECHNOLOGY, INC. · IINX
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
Ben Wong
10% Owner
Period of report
Jul 1, 2016
Accepted (ET)
Jan 19, 2017 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528308
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F4 | Jul 1, 2016 | S | 29,484,000 | $0.15 | D | 35,316,000 | I | See Footnote |
| Common StockF2,F3,F4 | Jul 1, 2016 | G | 5,470,000 | $0.00 | D | 29,846,000 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person previously reported on Form 4 on 01/11/2017 that it sold 30,834,000 shares of the Company's restricted common stock pursuant to private stock purchase agreements with 53 individuals, each of whom paid 1 CNY ($0.15 USD) per share. Subsequently, the sale to 4 individuals was rescinded and 1 was amended. The shares were returned to the reporting person on 01/18/2017. Thus, only a total of 29,484,000 shares were sold to a total of 49 individuals.
- F2The Reporting Person previously reported on Form 4 on 01/11/2017 that it made a gift of 12,170,000 shares to 17 persons. Subsequently, the reporting person revoked the gift of 6,700,000 to one individual before delivering the bonafide gift to the donee; the shares were returned to the reporting persons name on January 18, 2017. Thus, only 5,470,000 shares were gifted to a total of 16 persons.
- F3Following the disposition of the shares, accounting for the rescinded issuances, the Reporting Person owns an aggregate 29,846,000 shares of common stock of the Company. The Reporting Person is also the indirect beneficial owner of 5,000,000 shares of preferred stock of the Company.
- F4The Reporting Person is the sole officer and director of Shining Glory Investments Limited, and thus, indirectly owns these shares.