SEC Form 4 · accession 0001659173-15-000049
AMERICATOWNE Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Yiliame Corp
10% Owner
Period of report
Aug 13, 2014
Accepted (ET)
Dec 17, 2015 · 1:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001606699
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 13, 2014 | S$0 | 3,000,000 | — | A | 13,000,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As set forth in the Company's August 11, 2014 Form 8-K, pursuant to the terms of the Contribution Agreement, in consideration for the issuance of 3,000,000 shares of common stock in the Company to Yilaime, Yilaime contributed to the operations of the Company certain assets previously acquired by Yilaime through an Intellectual Property Assignment Agreement between Alton Perkins, as Assignee, and Yilaime, as Assignor, which was attached as Exhibit A to the Assignment Agreement. The intent of the parties in executing and performing under the Contribution Agreement is to effectuate tax-free transfer of assets into the Company pursuant to Section 351 of the United States Tax Code.