SEC Form 4 · accession 0001213900-16-010297
GD Culture Group Ltd · GDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jan 15, 2016
Accepted (ET)
Jan 20, 2016 · 4:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001641398
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 15, 2016 | P | 268,126 | $0.017 | A | 4,496,500 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Zhong Hui Holding Limited ("ZHHL") acquired an aggregate of 268, 126 shares ("Shares") of common stock of the issuer at the purchase price of $0.017 per share from Tim Richerson and Peter Nathanial, directors and officers of the Issuer, pursuant to certain Securities Assignment Agreement dated January 15, 2016. The Shares were previously sold by ZHHL to Mr. Richerson and Mr. Nathanial at the same purchase price in June 2015.
- F2Qi Zhang, the Chairman of the Issuer, is the sole owner of ZHHL, may be deemed the beneficial owner of the securities held by ZHHL and has sole voting and dispositive control over such securities.