SEC Form 4 · accession 0001213900-17-009098
Borqs Technologies, Inc. · BRQS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Simon Sun
Officer — EVP & Co-GM of Prod. Bus. Unit
Period of report
Aug 18, 2017
Accepted (ET)
Aug 22, 2017 · 4:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001650575
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $4.86 | Aug 18, 2017 | A | 23,617 | A | — | Feb 14, 2024 | Ordinary Shares | 23,617 | 23,617 | D |
| Stock Option (Right to Buy)F2 | $4.86 | Aug 18, 2017 | A | 9,446 | A | — | Feb 6, 2025 | Ordinary Shares | 9,446 | 9,446 | D |
| Stock Option (Right to Buy)F3 | $4.86 | Aug 18, 2017 | A | 1,653 | A | — | May 29, 2025 | Ordinary Shares | 1,653 | 1,653 | D |
Explanation of responses
- F1Received in exchange for a stock option to acquire 250,000 ordinary shares of Borqs International Holding Corp. ("Borqs") in connection with the merger of Borqs into Pacific Special Acquisition Corp. (the "Merger"). The options became vested as to 1/4 of the total grant on February 15, 2015, and an additional 1/48 of the total grant vests each month thereafter.
- F2Received in the Merger in exchange for a stock option to acquire 100,000 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on February 7, 2016, 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 17,500 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.