SEC Form 4 · accession 0001659173-16-000212

AMERICATOWNE Inc.

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chair, CEO, CFO, Sec. · 10% Owner

Period of report

Feb 14, 2016

Accepted (ET)

Apr 1, 2016 · 11:53 am EDT

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 Stock^F1	Feb 14, 2016	P	16,536	$2.75	A	21,691,020	I	Perkins Family Trust, AXP Trust 3, Yilaime Corp (Nevada), Yilaime NC, and Perkins HSU Export Corp.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option^F2	$0.05	holding	—	—	—	Nov 25, 2014	Nov 25, 2019	Common Stock	1,000,000	0	D

F1Alton Perkins is a beneficial owner of AmericaTowne, Inc., subject to reporting. With the issuance of 16,536 shares of common stock in AmericaTowne, Inc. to Perkins Hsu Export Corp., Alton Perkins now beneficially controls 21,691,020 shares of common stock in AmericaTowne, Inc. via the Perkins Family Trust (7,803,484), the AXP Family 3 Trust (120,000), Yilaime Corp. (Nevada) (13,750,000), Yilaime NC (1,000) and Perkins Hsu (16,536) for a total beneficial ownership interest of 21,691,020 shares of common stock, which equals a 81.05% ownership interest.
F2Alton Perkins holds an option under his Employment Agreement with the Issuer to purchase up to 1,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement, which was on November 25, 2014, at a price of $0.05 per share, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in his Employment, Lock-Up and Options Agreement.