SEC Form 4 · accession 0001094891-17-000010

Arowana Inc. · ARWA

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

A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).

Reporting owner

Officer — Chairman and CEO · Director · 10% Owner

Period of report

Dec 28, 2016

Accepted (ET)

Jan 3, 2017 · 5:40 pm EST

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 Shares^F2	Dec 28, 2016	S$0	193,000	$0.00	D	1,223,138	I	by The Panaga Group Trust
Ordinary Shares^F3,F2	Dec 28, 2016	C	17,928	—	A	1,241,066	I	by The Panaga Group Trust
Ordinary Shares^F1	holding	—	—		—	25,000	I	by Borneo Capital Pty Ltd.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Right to Receive Ordinary Share^F2,F3	—	Dec 28, 2016	C	179,281	D	—	—	Ordinary Share	17,928	0	I
Redeemable Warrant^F2,F4	—	Dec 28, 2016	C	179,281	D	—	—	Ordinary Share of VivoPower International PLC	8,964	0	I

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.
F3The issuer's rights were converted into ordinary shares of the issuer upon the issuer's completion of its initial business combination at a ratio of 1 ordinary share for every 10 rights.
F4The issuer's warrants were converted into ordinary shares of VivoPower International PLC upon the issuer's completion of its initial business combination at a ratio of 1 ordinary share of VivoPower International PLC for every 20 warrants.