Reven Housing REIT, Inc. 4
4 · Reven Housing REIT, Inc. · Filed Oct 10, 2014
Insider Transaction Report
Form 4
Bai Xiaofan
Director10% Owner
Transactions
- Sale
Common Stock
2014-05-26$0.27/sh−370,400$100,008→ 74,629,600 total(indirect: By corporations King Apex II and King Apex III)
Footnotes (3)
- [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 May 26, 2014, King Apex II sold 185,200 shares of common stock of Reven Housing REIT, Inc. ("Common Stock") and King Apex III sold 185,200 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.