Reven Housing REIT, Inc. 4
4 · Reven Housing REIT, Inc. · Filed Mar 31, 2014
Insider Transaction Report
Form 4
Bai Xiaofan
Director10% Owner
Transactions
- Purchase
Common Stock
2013-11-22$0.20/sh+8,500,000$1,700,000→ 75,000,000 total(indirect: By corporations King Apex II and King Apex III) - Purchase
Common Stock
2013-10-29$0.20/sh+11,500,000$2,300,000→ 66,500,000 total(indirect: By corporations King Apex II and King Apex III)
Footnotes (4)
- [F1]Allied Fortune (HK) Management Limited, a British Virgin Islands company ("Allied"), provides management services for King Apex Group Holdings II Limited, a company formed under the laws of the British Virgin Islands ("King Apex II"), and King Apex Group Holdings III Limited, a company formed under the laws of the British Virgin Islands ("King Apex III"). Allied is also a partial owner of King Apex II and King Apex III. Mr. Xiaofan Bai is the owner, Chief Executive Officer and Chairman of Allied.
- [F2]On October 29, 2013, King Apex II acquired 7,500,000 shares of common stock of Reven Housing REIT, Inc. (the "Common Stock") and King Apex III acquired 4,000,000 shares of Common Stock.
- [F3]The voting and dispositive control over the shares of Common Stock held by King Apex II and King Apex III is shared by owners of, respectively, King Apex II and King Apex III, none of which has a veto power.
- [F4]On November 22, 2013, King Apex II acquired 5,000,000 shares of Common Stock and King Apex III acquired 3,500,000 shares of Common Stock.