SEC Form 4 · accession 0001209191-17-042086
Moregain Pictures, Inc. · MGPC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jun 3, 2017
Accepted (ET)
Jun 28, 2017 · 2:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921560
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jun 3, 2017 | P | 2,631,764 | $0.131 | A | 6,270,512 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock issued upon conversion of certain outstanding promissory notes (the "Notes") in the aggregate principal amount of $343,840, pursuant to a debt conversion agreement entered into by and between Billion Rewards Development Ltd. ("BRD") and Issuer.
- F2Per share conversion price of the Notes.
- F3BRD directly owns such shares (the "Shares"). By virtue of being the sole director and member of BRD, Mr. Jianxiang Shi is deemed to have indirect beneficial ownership of the Shares (each of BRD and Mr. Shi is a "Reporting Person"). Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein.