4//SEC Filing
Wang Qingtai 4
Accession 0001181431-12-025171
CIK 0001495898other
Filed
Apr 22, 8:00 PM ET
Accepted
Apr 23, 9:53 PM ET
Size
8.7 KB
Accession
0001181431-12-025171
Insider Transaction Report
Form 4
Wang Qingtai
See Remarks
Transactions
- Other
Common Stock Option
2011-05-13−0→ 162,684 total(indirect: See Footnotes)Exercise: $263.16→ Common Stock (162,684 underlying)
Footnotes (3)
- [F1]According to an option agreement entered into between Mr. Xuchun Wang and Mr. Chongxin Xu on May 13, 2011, Mr. Xuchun Wang has the option to acquire 10,880,219 shares of the capital stock of SMSA Treemont Acquisition Corp. ("SMSA") currently held by Mr. Xu representing 81.84% of the issued and outstanding capital stock of SMSA. The aggregate purchase price for all of the option shares is equal to $17,600. The option vests and becomes exercisable on the 90th day following the execution date of the option agreement. The option has a term of 2 years. (Continued in Footnote 2)
- [F2]Out of the total 10,880,219 shares to be acquired upon exercise of the option, 247,278 shares representing 1.86% of the issued and outstanding capital stock of SMSA shall be held by Mr. Xuchun Wang for himself and 10,632,941 shares representing 79.98% of the issued and outstanding capital stock of SMSA shall be held by Mr. Xuchun Wang for and on behalf of the shareholders of Ruixing Group Co., Ltd. as a whole, except to the extent of his pecuniary interest therein as a shareholder of Ruixing Group Co., Ltd., according to an oral arrangement between Mr. Xuchun Wang and the shareholders of Ruixing Group Co., Ltd. The details of the option agreement and the oral arrangement were disclosed on SMSA's Current Report on Form 8-K/A filed on February 27, 2012. (Continued in Footnote 3)
- [F3]Upon receipt of the instruction to exercise the option from the shareholders of Ruixing Group Co., Ltd., which decision shall be made by the majority in interest of the shareholders of Ruixing Group Co., Ltd., Mr. Xuchun Wang shall exercise the option accordingly. Upon the exercise of the option Mr. Xuchun Wang would hold 79.98% of the issued and outstanding capital stock of SMSA for and on behalf of the shareholders of Ruixing Group Co., Ltd. as a whole, except to the extent of his pecuniary interest therein as a shareholder of Ruixing Group Co., Ltd. The reporting person holds 1.53% equity interests in Ruixing Group Co., Ltd. Upon the exercise of the option by Mr. Xuchun Wang, the reporting person will indirectly beneficially own 162,684 shares representing approximately 1.22% of the total issued and outstanding shares of SMSA.
Documents
Issuer
SMSA Treemont Acquisition Corp
CIK 0001495898
Entity typeother
Related Parties
1- filerCIK 0001547463
Filing Metadata
- Form type
- 4
- Filed
- Apr 22, 8:00 PM ET
- Accepted
- Apr 23, 9:53 PM ET
- Size
- 8.7 KB