SEC Form 4 · accession 0001094891-16-000638
Arowana Inc. · ARWA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Chin
Officer — Chairman and CEO · Director · 10% Owner
Period of report
Oct 28, 2016
Accepted (ET)
Nov 2, 2016 · 8:51 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001622577
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1 | Oct 28, 2016 | P | 25,000 | $10.20 | A | 25,000 | I | by Borneo Capital Pty Ltd. |
| Ordinary SharesF2 | holding | — | — | — | 1,236,857 | I | by The Panaga Group Trust | |
| Ordinary SharesF3,F2 | holding | — | — | — | 179,281 | I | by The Panaga Group Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Chin is the sole director of Borneo Capital Pty Ltd. Accordingly, he may be deemed to have voting and dispositive power over the shares held by this entity. Mr. Chin disclaims beneficial ownership of these securities and this report shall not be deemed an admission that Mr. Chin is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F2Mr. Chin is a beneficiary of The Panaga Group Trust and one of the directors of the corporate trustee of such fund. Accordingly, he may be deemed to have voting and dispositive power over the shares held by this entity. Mr. Chin disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Chin is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F3Represents securities underlying units of the Issuer ("Unit"). Each Unit consists of one ordinary share, one right ("Right") to receive one-tenth of one ordinary share upon the consummation of the Issuer's initial business combination and one redeemable warrant ("Warrant") entitling the holder to purchase one-half of one ordinary share.