SEC Form 4 · accession 0001214659-17-002532
NETWORK CN INC · NWCN.OB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chi Wah Leung
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Aug 28, 2015
Accepted (ET)
Apr 13, 2017 · 11:44 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000934796
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Stock grantF3 | Aug 30, 2013 | A | 8,000 | $0.00 | A | 8,000 | D | |
| Stock grantF4 | Feb 23, 2015 | A | 13,333 | $0.00 | A | 13,333 | D | |
| Stock grantF5 | Aug 28, 2015 | A | 13,333 | $0.00 | A | 13,333 | D | |
| Common Stock $0.001 par valueF1 | holding | — | — | — | 2,028,967 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $0.99 | Jul 1, 2009 | J | 0 | A | Apr 2, 2009 | Jan 1, 2018 | Common Stock | 2,020,202 | 2,020,202 | I |
Explanation of responses
- F1Total of the 2,028,967 shares held by the reporting person, 1,609,460 are held by Keywin Holdings Ltd. and 419,507 shares are held directly by the reporting person.
- F2On December 12, 2014, the Issuer extended the expiration date of the Stock Option to January 1, 2016. On December 31, 2015, the Issuer further extended the expiration date of the Stock Option to January 1, 2018.
- F3On August 30, 2013, the reporting person received an aggregate award of 8,000 shares of the Issuer's common stock, as consideration for services rendered as a director, between July 1, 2014 and June 30, 2014, so long as the reporting person continues in his role as a director of the Issuer on June 30, 2014, the scheduled vesting date. The shares are not issued.
- F4On February 23, 2015, the reporting person received an aggregate award of 13,333 shares of the Issuer's common stock, as consideration for services rendered as a director, between July 1, 2014 and June 30, 2015, so long as the reporting person continues in his role as a director of the Issuer on June 30, 2015, the scheduled vesting date. The shares are not issued.
- F5On August 28, 2015, the reporting person received an aggregate award of 13,333 shares of the Issuer's common stock, as consideration for services rendered as a director, between August 28, 2015 and June 30, 2016, so long as the reporting person continues in his role as a director of the Issuer on June 30, 2016, the scheduled vesting date.