SEC Form 4 · accession 0001213900-17-009102
Borqs Technologies, Inc. · BRQS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gene Wuu
Officer — EVP & GM of Cloud Bus. Unit
Period of report
Aug 18, 2017
Accepted (ET)
Aug 22, 2017 · 5:00 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 SharesF1 | Aug 18, 2017 | A | 23,448 | — | A | 23,448 | 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 | 23,617 | A | — | Oct 24, 2019 | Ordinary Shares | 23,617 | 23,617 | D |
| Stock Option (Right to Buy)F3 | $2.23 | Aug 18, 2017 | A | 661 | A | — | Jan 21, 2021 | Ordinary Shares | 661 | 661 | D |
| Stock Option (Right to Buy)F4 | $2.92 | Aug 18, 2017 | A | 20,419 | A | — | Jul 23, 2021 | Ordinary Shares | 20,419 | 20,419 | D |
| Stock Option (Right to Buy)F5 | $2.92 | Aug 18, 2017 | A | 859 | A | — | May 26, 2022 | Ordinary Shares | 859 | 859 | D |
| Stock Option (Right to Buy)F6 | $4.86 | Aug 18, 2017 | A | 1,039 | A | — | Aug 3, 2022 | Ordinary Shares | 1,039 | 1,039 | D |
| Stock Option (Right to Buy)F7 | $4.86 | Aug 18, 2017 | A | 2,031 | A | — | Apr 26, 2023 | Ordinary Shares | 2,031 | 2,031 | D |
| Stock Option (Right to Buy)F8 | $4.86 | Aug 18, 2017 | A | 1,039 | A | — | Aug 10, 2023 | Ordinary Shares | 1,039 | 1,039 | D |
| Stock Option (Right to Buy)F9 | $4.86 | Aug 18, 2017 | A | 991 | A | — | May 29, 2025 | Ordinary Shares | 991 | 991 | D |
| Stock Option (Right to Buy)F10 | $4.86 | Aug 18, 2017 | A | 23,617 | A | — | Feb 6, 2025 | Ordinary Shares | 23,617 | 23,617 | D |
| Stock Option (Right to Buy)F11 | $4.86 | Aug 18, 2017 | A | 991 | A | — | Aug 15, 2024 | Ordinary Shares | 991 | 991 | D |
Explanation of responses
- F1Received in exchange for 300,000 ordinary shares of Borqs International Holding Corp. ("Borqs") in connection with the merger of Borqs into Pacific Special Acquisition Corp. (the "Merger").
- F10Received in the Merger in exchange for a stock option to acquire 250,000 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.
- F11Received in the Merger in exchange for a stock option to acquire 10,500 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.
- F2Received in the Merger in exchange for a stock option to acquire 250,000 ordinary shares of Borqs. The options are fully vested.
- F3Received in the Merger in exchange for a stock option to acquire 7,000 ordinary shares of Borqs. The options are fully vested.
- F4Received in the Merger in exchange for a stock option to acquire 216,150 ordinary shares of Borqs. The options are fully vested.
- F5Received in the Merger in exchange for a stock option to acquire 9,100 ordinary shares of Borqs. The options are fully vested.
- F6Received in the Merger in exchange for a stock option to acquire 11,000 ordinary shares of Borqs. The options are fully vested.
- F7Received in the Merger in exchange for a stock option to acquire 21,500 ordinary shares of Borqs. The options are fully vested.
- F8Received in the Merger in exchange for a stock option to acquire 11,000 ordinary shares of Borqs. The options are fully vested.
- F9Received in the Merger in exchange for a stock option to acquire 10,500 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.