SEC Form 4 · accession 0001209191-19-017848
Borqs Technologies, Inc. · BRQS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
NORWEST VENTURE PARTNERS X L P
10% Owner
Period of report
Mar 5, 2019
Accepted (ET)
Mar 7, 2019 · 5:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001650575
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2 | Mar 5, 2019 | J | 500,000 | — | D | 3,135,740 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were disposed via a pro-rata in-kind distribution of Issuer's Ordinary Shares from Norwest Venture Partners X, LP ("NVP X") to one of its limited partners.
- F2The securities shown on Line 1 of Table 1 represent securities held of record by NVP X. These securities also include 102,258 Ordinary Shares held in an escrow account in which NVP X may be entitled to receive. By virtue of their position as co-Chief Executive Officers of NVP Associates, LLC, the managing member of the general partner of NVP X, Jeffrey Crowe, Promod Haque and Jon E. Kossow may be deemed to share voting and dispositive power over the shares held by NVP X. Messers. Crowe, Haque and Kossow disclaim beneficial ownership of all such securities, except to the extent of any pecuniary interest therein.