SEC Form 4 · accession 0001144204-17-060829
Seven Stars Cloud Group, Inc. · SSC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruno Zheng Wu
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Nov 21, 2017
Accepted (ET)
Nov 24, 2017 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000837852
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 OptionF1 | $1.50 | Nov 21, 2017 | S | 1,000,000 | D | — | Nov 21, 2022 | Common Stock | 1,000,000 | 0 | D |
Explanation of responses
- F1The option represents, for Bruno Wu, an obligation to sell the underlying shares of common stock under a Stock Option Agreement entered into with David Seaburg on November 21, 2017. The option will vest over two years in eight equal installments. 125,000 shares shall vest on the last day of each quarter, with the first 125,000 shares vesting on December 31, 2017. Mr. Wu owns these underlying shares of common stock through Wecast Media Investment Management Limited, an entity controlled by Mr. Wu.
Remarks
Exhibit Index: Exhibit 24 - Power of Attorney (incorporated by reference to the Power of Attorney filed as Exhibit 24 to the Form 3 filed by the Reporting Person on December 31, 2015.