EMERSON RADIO CORP 4
4 · EMERSON RADIO CORP · Filed Sep 14, 2016
Insider Transaction Report
Form 4
Ho Wing On Christopher
Director
Transactions
- Will/Inheritance
Common Stock, $0.01 par value per share
2016-07-27+0→ 15,243,283 total(indirect: See Footnote) - Will/Inheritance
Common Stock, $0.01 par value per share
2016-08-15+0→ 15,243,283 total(indirect: See Footnote) - Other
Common Stock, $0.01 par value per share
2016-07-27−0→ 15,243,283 total(indirect: See Footnote) - Other
Common Stock, $0.01 par value per share
2016-08-15−0→ 15,243,283 total(indirect: See Footnote)
Footnotes (3)
- [F1]These shares are owned directly by S&T International Distribution Ltd., which is a wholly owned subsidiary of Grande N.A.K.S. Ltd., which is a wholly owned subsidiary of The Grande Holdings Limited. Sino Bright Enterprises Co., Ltd., Grosvenor Fair Limited, Barrican Investments Corporation, McVitie Capital Limited and The Ho Family Trust Limited directly hold, following the transactions reported herein, approximately 73.65%, in the aggregate, of The Grande Holdings Limited. Barrican Investments Corporation is a wholly owned subsidiary of Airwave Capital Limited. Sino Bright Enterprises Co., Ltd., Grosvenor Fair Limited and Airwave Capital Limited are wholly owned subsidiaries of The Ho Family Trust Limited. The Ho Family Trust Limited is a wholly owned subsidiary of the Ho Family Trust. Accolade (PTC) Inc. is the trustee of the Ho Family Trust.
- [F2]On July 27, 2016 and August 15, 2016, Mr. Christopher Ho inherited 5,738,016 shares and 700,000 shares, respectively, of The Grande Holdings Limited, constituting approximately 0.12% in the aggregate of The Grande Holdings Limited. On the respective dates of inheritance, Mr. Christopher Ho transferred to Barrican Investments Corporation all such inherited shares of The Grande Holdings Limited.
- [F3]Mr. Ho is a discretionary beneficiary of the Ho Family Trust, Chief Executive Officer of The Ho Family Trust Limited and the Chairman of the Board of issuer and may be deemed to share beneficial ownership of the shares owned by S&T International Distribution Ltd. Mr. Ho disclaims beneficial ownership of the shares owned by S&T International Distribution Ltd. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, Mr. Ho is the beneficial owner of equity securities described in this statement as indirectly owned.