SEC Form 4 · accession 0001213900-17-009502
China Commercial Credit Inc · GLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yang Jie
10% Owner
Period of report
Jul 17, 2017
Accepted (ET)
Sep 7, 2017 · 8:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001556266
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001F1 | Jul 17, 2017 | P$0 | 30,510 | — | A | 2,862,410 | I | By Daqin International Business HK Limited ("Daqin") |
| Common Stock, par value $0.001F2 | Jul 17, 2017 | P$0 | 193,950 | — | A | 3,056,360 | I | By Daqin |
| Common Stock, par value $0.001F3 | Jul 17, 2017 | P$0 | 567,720 | — | A | 3,624,080 | I | By Daqin |
| Common Stock, par value $0.001F4 | Jul 17, 2017 | P$0 | 27,720 | — | A | 3,651,800 | I | By Daqin |
| Common Stock, par value $0.001 | Sep 6, 2017 | P | 30,000 | $2.59 | A | 3,681,800 | I | By Xiaohuan Huang (spouse) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 17, 2017, the Reporting Person acquired 30,510 shares of the common stock of the Issuer in a private transaction in consideration of cancellation of debt of $77,000 owed to Daqin pursuant to certain Share Transfer Agreement between Zheng Yang and Daqin, an entity indirectly owned by the Reporting Person.
- F2On July 17, 2017, the Reporting Person acquired 193,950 shares of the common stock of the Issuer in a private transaction in consideration of cancellation of debt of $470,000 owed to Daqin pursuant to certain Share Transfer Agreement between Shixian Wu and Daqin.
- F3On July 17, 2017, the Reporting Person acquired 567,720 shares of the common stock of the Issuer in a private transaction in consideration of cancellation of debt of $1,135,000 owed to Daqin pursuant to certain Share Transfer Agreement between Suzhou Juntu Textile Co., Ltd. and Daqin.
- F4On July 17, 2017, the Reporting Person acquired 27,720 shares of the common stock of the Issuer in a private transaction in consideration of cancellation of debt of $56,000 owed to Daqin pursuant to certain Share Transfer Agreement between Xianwen Zhang and Daqin.