SEC Form 4 · accession 0001140361-18-027313
Yum China Holdings, Inc. · YUMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Wang Yang
Director
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 1:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001673358
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 | Jun 1, 2018 | A | 4,607 | $0.00 | A | 12,302 | D | |
| Common Stock, par value $0.01F1 | holding | — | — | — | 16,364,778 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant 1F1 | $31.40 | holding | — | — | — | Jan 9, 2017 | Nov 1, 2021 | Common Stock, par value $0.01 per share | 7,309,057 | 7,309,057 | I |
| Warrant 2F1 | $39.25 | holding | — | — | — | Jan 9, 2017 | Nov 1, 2021 | Common Stock, par value $0.01 per share | 7,309,057 | 7,309,057 | I |
Explanation of responses
- F1The common stock is held directly by Pollos Investment L.P. ("Pollos Investment") and the warrants are held directly by Pollos Upside L.P. ("Pollos Upside"). The limited partnership interests of both Pollos Investment and Pollos Upside are ultimately owned by a private fund ("Fund") for which an affiliate of the Reporting Person is special limited partner ("Special Limited Partner") and has a contingent right to receive a performance fee. The Reporting Person is a shareholder of the parent company of the general partner of the Special Limited Partner (the "Parent Company") and may be deemed to have pecuniary interest through his indirect entitlement to receive a share of any Fund performance fee.
Remarks
The Reporting Person disclaims beneficial ownership of the securities and derivative instruments held directly by Pollos Investment and Pollos Upside, except to the extent of his pecuniary interest, if any, in such securities or instruments as a result of his interest in the Parent Company, and the inclusion of these in this form shall not otherwise be deemed an admission of beneficial ownership for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.