Home/Filings/4/0000950142-19-002046

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MSPEA MODIFIED PLASTICS HOLDING LTD 4

Accession 0000950142-19-002046

CIK 0001353970other

View on SEC.gov Company Profile

Filed

Oct 8, 8:00 PM ET

Accepted

Oct 9, 4:04 PM ET

Size

25.4 KB

Accession

0000950142-19-002046

Insider Transaction Report

Form 4

Period: 2019-09-30

China XD Plastics Co LtdCXDC

MORGAN STANLEY PRIVATE EQUITY ASIA EMPLOYEE INVESTORS III LP

Director10% OwnerOther

Transactions

Award
Common Stock
2019-09-30+16,000,000→ 16,000,000 total(indirect: See Footnotes)
Conversion
Series D Jr. Convertible Preferred Stock, par value $0.0001
2019-09-30$6.25/sh−16,000,000$100,000,000→ 0 total(indirect: See Footnotes)
From: 2012-01-01Exp: 2022-01-01→ Common Stock (16,000,000 underlying)

MS HOLDINGS INC

Director10% OwnerOther

Transactions

Award
Common Stock
2019-09-30+16,000,000→ 16,000,000 total(indirect: See Footnotes)
Conversion
Series D Jr. Convertible Preferred Stock, par value $0.0001
2019-09-30$6.25/sh−16,000,000$100,000,000→ 0 total(indirect: See Footnotes)
From: 2012-01-01Exp: 2022-01-01→ Common Stock (16,000,000 underlying)

MORGAN STANLEY PRIVATE EQUITY ASIA III, INC.

Director10% OwnerOther

Transactions

Award
Common Stock
2019-09-30+16,000,000→ 16,000,000 total(indirect: See Footnotes)
Conversion
Series D Jr. Convertible Preferred Stock, par value $0.0001
2019-09-30$6.25/sh−16,000,000$100,000,000→ 0 total(indirect: See Footnotes)
From: 2012-01-01Exp: 2022-01-01→ Common Stock (16,000,000 underlying)

MORGAN STANLEY PRIVATE EQUITY ASIA III LP

Director10% OwnerOther

Transactions

Conversion
Series D Jr. Convertible Preferred Stock, par value $0.0001
2019-09-30$6.25/sh−16,000,000$100,000,000→ 0 total(indirect: See Footnotes)
From: 2012-01-01Exp: 2022-01-01→ Common Stock (16,000,000 underlying)
Award
Common Stock
2019-09-30+16,000,000→ 16,000,000 total(indirect: See Footnotes)

MSPEA MODIFIED PLASTICS HOLDING LTD

Director10% OwnerOther

Transactions

Award
Common Stock
2019-09-30+16,000,000→ 16,000,000 total(indirect: See Footnotes)
Conversion
Series D Jr. Convertible Preferred Stock, par value $0.0001
2019-09-30$6.25/sh−16,000,000$100,000,000→ 0 total(indirect: See Footnotes)
From: 2012-01-01Exp: 2022-01-01→ Common Stock (16,000,000 underlying)

MORGAN STANLEY PRIVATE EQUITY ASIA III, L.L.C.

Director10% OwnerOther

Transactions

Award
Common Stock
2019-09-30+16,000,000→ 16,000,000 total(indirect: See Footnotes)
Conversion
Series D Jr. Convertible Preferred Stock, par value $0.0001
2019-09-30$6.25/sh−16,000,000$100,000,000→ 0 total(indirect: See Footnotes)
From: 2012-01-01Exp: 2022-01-01→ Common Stock (16,000,000 underlying)

MORGAN STANLEY PRIVATE EQUITY ASIA III HOLDINGS (CAYMAN) LTD

Director10% OwnerOther

Transactions

Conversion
Series D Jr. Convertible Preferred Stock, par value $0.0001
2019-09-30$6.25/sh−16,000,000$100,000,000→ 0 total(indirect: See Footnotes)
From: 2012-01-01Exp: 2022-01-01→ Common Stock (16,000,000 underlying)
Award
Common Stock
2019-09-30+16,000,000→ 16,000,000 total(indirect: See Footnotes)

MORGAN STANLEY

Director10% OwnerOther

Transactions

Award
Common Stock
2019-09-30+16,000,000→ 16,000,000 total(indirect: See Footnotes)
Conversion
Series D Jr. Convertible Preferred Stock, par value $0.0001
2019-09-30$6.25/sh−16,000,000$100,000,000→ 0 total(indirect: See Footnotes)
From: 2012-01-01Exp: 2022-01-01→ Common Stock (16,000,000 underlying)

Footnotes (5)

[F1]This form is filed by (i) Morgan Stanley, a Delaware corporation ("MS Parent"), (ii) MS Holdings Incorporated, a Delaware corporation ("MS Holdings"), (iii) Morgan Stanley Private Equity Asia III, Inc., a Delaware corporation ("MS Inc"), (iv) Morgan Stanley Private Equity Asia III, L.L.C., a Delaware limited liability company ("MS LLC"), (v) North Haven Private Equity Asia III, L.P., a Cayman Islands limited partnership ("NH LP"), (vi) North Haven Private Equity Asia Employee Investors III, L.P., a Cayman Islands limited partnership ("NH Employee"), (vii) Morgan Stanley Private Equity Asia III Holdings (Cayman) Ltd, a Cayman Islands limited liability company ("MSPEA Holdings") and (viii) MSPEA Modified Plastics Holding Limited, a Cayman Islands limited liability company ("MSPEA") (collectively, the "Reporting Persons").
[F2](cont'd from FN1) MS Holdings is a wholly owned subsidiary of MS Parent. MS Inc is a wholly owned subsidiary of MS Holdings and is the managing member of MS LLC. MS LLC is the general partner of both NH LP and NH Employee. NH LP holds 92.13% of MSPEA Holdings and NH Employee holds 7.87% of MSPEA Holdings. MSPEA Holdings owns 100% of MSPEA.
[F3](cont'd from FN2) MSPEA was the record holder of 16,000,000 shares (the "Preferred Shares") of Series D Junior Convertible Preferred Stock (the "Series D Preferred Stock"), par value $0.0001 per share. The Preferred Shares were convertible into Common Stock at any time on or after January 1, 2012 at the holder's election subject to CXDC's right to mandatorily convert the Preferred Shares in certain circumstances. The conversion price was $6.25 per share, subject to adjustments for any reorganization, recapitalization, consolidation or reclassification, stock dividend, stock split, reverse stock split, combination or other like changes in the Company's capital structure. Pursuant to a written notice (the "Written Notice") delivered by the Issuer to MSPEA on September 26, 2019, the 16,000,000 Series D Preferred Stock then held by MSPEA were mandatorily converted into 16,000,000 shares of Common Stock (the "Common Stock") on September 30, 2019.
[F4](cont'd from FN3) MS Parent may be deemed to have beneficially owned the Preferred Shares and may be deemed to beneficially own the Common Stock beneficially owned by operating units (collectively, the "MS Reporting Units") of MS Parent, its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998).
[F5](cont'd from FN4) Neither the filing of this Form 4 nor any of its contents shall be deemed to constitute an admission by any Reporting Person that it was or is the beneficial owner of any Preferred Shares or Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purpose, and each of the Reporting Persons expressly disclaims the beneficial ownership thereof except to the extent of its pecuniary interest therein, if any. Upon the mandatory conversion of the Preferred Stock, MSPEA's nominees to the Issuer's board of directors, Mr. Homer Sun and Ryan Law, who were appointed directors of the Issuer on January 1, 2012 and April 26, 2019, respectively, were automatically terminated on September 30, 2019. By virtue of such termination, each of the Reporting Persons is no longer a director by deputization.

Documents

1 file

4
es1901130_4-cxdc.xmlPrimary
OWNERSHIP DOCUMENT

Issuer

China XD Plastics Co Ltd

CIK 0001353970

→

Entity typeother

IncorporatedCayman Islands

Related Parties

filerCIK 0001524980

Filing Metadata

Form type: 4
Filed: Oct 8, 8:00 PM ET
Accepted: Oct 9, 4:04 PM ET
Size: 25.4 KB

View on SEC.gov