SEC Form 4 · accession 0001213900-17-009100
Borqs Technologies, Inc. · BRQS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Thangadurai
Officer — EVP & President of Inter. Bus
Period of report
Aug 18, 2017
Accepted (ET)
Aug 22, 2017 · 4:59 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 | 94,468 | A | — | Nov 20, 2024 | Ordinary Shares | 94,468 | 94,468 | D |
| Stock Option (Right to Buy)F2 | $4.86 | Aug 18, 2017 | A | 47,234 | A | — | Feb 6, 2025 | Ordinary Shares | 47,234 | 47,234 | D |
Explanation of responses
- F1Received in exchange for a stock option to acquire 1,000,000 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 November 21, 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 500,000 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.