SEC Form 4 · accession 0001213900-18-001788
China Commercial Credit Inc · GLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yang Jie
Officer — General Manager
Period of report
Dec 12, 2017
Accepted (ET)
Feb 14, 2018 · 6:19 am EST
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 | Dec 12, 2017 | P | 150,000 | $3.50 | A | 3,484,386 | D | |
| Common Stock, par value $0.001F2 | Feb 8, 2018 | S | 2,941,511 | $1.50 | D | 542,875 | D | |
| Common Stock, par value $0.001F2,F3 | Feb 8, 2018 | S | 819,900 | $1.50 | D | 0 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF4 | $2.26 | Sep 29, 2017 | P | 158,370 | A | Sep 29, 2017 | Sep 29, 2022 | Common Stock | 158,370 | 158,370 | D |
| WarrantF1 | $4.20 | Dec 12, 2017 | P | 60,000 | A | Dec 12, 2017 | Dec 11, 2022 | Common stock | 60,000 | 60,000 | D |
Explanation of responses
- F1The Reporting Person acquired an aggregate of 150,000 shares of common stock, at the purchase price of $3.50, and received warrants to initially purchase an aggregate of 60,000 shares of common stock with an exercise price of $ 4.20 per share in a registered direct offering of the Issuer.
- F2On February 8, 2018, the Reporting Person sold 2,941,511shares in a private transaction for a per share purchase price of $1.50 pursuant to certain Share Purchase Agreement dated February 7, 2018 by and among Daqin International Business HK Limited.and Yang Jie as sellers Shuxiang Zhang, Qun Ma and Wenlong Deng as buyers.
- F3These shares of common stock are owned by Daqin International Business HK Limited ("Daqin"), an entity owned by Daqin BVI, a company incorporated in British Virgin Island. Since Mr. Yang Jie is the sole shareholder and sole director of Daqin BVI, he may be deemed as the beneficial owner of the shares owned Daqin.
- F4On September 29, 2017, Yang Jie (the "Reporting Person") purchased 452,486 shares of the Issuer's common stock and a warrant to purchase 158,370 shares of the Issuer's common stock with an initial exercise price of $2.26 per share for an aggregate purchase price of $819,000 pursuant to certain securities purchase agreement dated September 27, 2017.