4//SEC Filing
AMERICATOWNE Inc. 4
Accession 0001659173-16-000108
CIK 0001606699operating
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 9:42 AM ET
Size
13.0 KB
Accession
0001659173-16-000108
Insider Transaction Report
Form 4
PERKINS ALTON
Chairman, CEO, CFO, Sec.10% Owner
Transactions
- Other
Common Stock
2015-12-14$0.05/sh+1,000,000$50,000→ 6,100,367 total - Other
Option
2015-12-14$0.05/sh+1,000,000$50,000→ 23,466,426 total(indirect: By Trust)Exercise: $0.05From: 2014-11-25Exp: 2016-11-25→ Common Stock (1,000,000 underlying)
Holdings
- 23,466,426(indirect: By Trust)
Common Stock
- 0
Option
Exercise: $0.05From: 2014-11-25Exp: 2019-11-25→ Common Stock (1,000,000 underlying)
Transactions
- Other
Common Stock
2015-12-14$0.05/sh+1,000,000$50,000→ 6,100,367 total - Other
Option
2015-12-14$0.05/sh+1,000,000$50,000→ 23,466,426 total(indirect: By Trust)Exercise: $0.05From: 2014-11-25Exp: 2016-11-25→ Common Stock (1,000,000 underlying)
Holdings
- 0
Option
Exercise: $0.05From: 2014-11-25Exp: 2019-11-25→ Common Stock (1,000,000 underlying) - 23,466,426(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Mr. Perkins controls 6,100,367 shares of common stock via the Alton & Xiang Mei Lin Perkins Family Trust; 13,750,000 shares via Yilaime Corp (Nevada) and 3,616,059 shares via Yilaime (North Carolina) for a total of 23,466,426 shares of common stock.
- [F2]The Company has issued Mr. Perkins an option to purchase up to 1,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement, which was on November 25, 2014, at a price of $0.05 per share, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in his Employment, LockUp and Options Agreement. At the end of fiscal year 2015, Mr. Perkins had 6,100,367 shares issued to him through his Trust, and his beneficial ownership at the end of tax year 2015 was 23,466,426, and his current beneficial ownership is 23,466,426 shares (both of which include his individual holdings through his Trust). This filing is consistent with all prior disclosures made on numerous Form 8-Ks.
- [F3]The Alton & Xiang Mei Lin Perkins Family Trust (the "Perkins Trust"), by and through its trustee, Alton Perkins, who is the majority beneficial owner of the shares of common stock of AmericaTowne, Inc. (the "Company"), and the control party of Yilaime Corporation and Yilaime Corporation of NC, as disclosed in the original Schedule 13D, exercised the option under Mr. Perkins' Employment Agreement with the Company (as assignee of the right to exercise) to purchase 1,000,0000 shares of restricted common stock for $.05/share. The Perkins Trust used personal funds for this acquisition. The funds were placed in escrow since the acquisition was not set to close. The acquisition closed on December 14, 2015 with the funds being released out of escrow and to the Company, and the Company's transfer agent issuing the shares related to the acquisition.
Documents
Issuer
AMERICATOWNE Inc.
CIK 0001606699
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001606699
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 9:42 AM ET
- Size
- 13.0 KB