SEC Form 4 · accession 0001213900-17-009094

Borqs Technologies, Inc. · BRQS

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

Reporting owner

Bob Li

Officer — EVP Corp Affairs & China Sale

Period of report

Aug 18, 2017

Accepted (ET)

Aug 22, 2017 · 4:56 pm EDT

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 Shares^F1	Aug 18, 2017	A	335,626	—	A	335,626	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F2	$2.23	Aug 18, 2017	A	28,340	A	—	Oct 24, 2019	Ordinary Shares	28,340	28,340	D
Stock Option (Right to Buy)^F3	$2.92	Aug 18, 2017	A	30,239	A	—	Jul 23, 2021	Ordinary Shares	30,239	30,239	D
Stock Option (Right to Buy)^F4	$2.92	Aug 18, 2017	A	675	A	—	May 26, 2022	Ordinary Shares	675	675	D
Stock Option (Right to Buy)^F5	$4.86	Aug 18, 2017	A	1,818	A	—	Apr 26, 2023	Ordinary Shares	1,818	1,818	D
Stock Option (Right to Buy)^F6	$4.86	Aug 18, 2017	A	779	A	—	Aug 15, 2024	Ordinary Shares	779	779	D
Stock Option (Right to Buy)^F7	$4.86	Aug 18, 2017	A	779	A	—	May 29, 2025	Ordinary Shares	779	779	D

Explanation of responses

F1Received in exchange for 4,293,914 ordinary shares of Borqs International Holding Corp. ("Borqs") in connection with the merger of Borqs into Pacific Special Acquisition Corp. (the "Merger").
F2Received in the Merger in exchange for a stock option to acquire 300,000 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on October 24, 2010, and an additional 1/48 of the total grant vests each month thereafter.
F3Received in the Merger in exchange for a stock option to acquire 320,100 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on July 23, 2012, and an additional 1/48 of the total grant vests each month thereafter.
F4Received in the Merger in exchange for a stock option to acquire 7,150 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on May 26, 2013, and an additional 1/48 of the total grant vests each month thereafter.
F5Received in the Merger in exchange for a stock option to acquire 19,250 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on April 27, 2014, and an additional 1/48 of the total grant vests each month thereafter.
F6Received in the Merger in exchange for a stock option to acquire 8,250 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on May 24, 2015, and an additional 1/48 of the total grant vests each month thereafter.
F7Received in the Merger in exchange for a stock option to acquire 8,250 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on May 30, 2016, and an additional 1/48 of the total grant vests each month thereafter.