FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Cathaya Capital LP
2. Issuer Name and Ticker or Trading Symbol

ZAP [ ZAAP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
Member of 10% Group
(Last)          (First)          (Middle)

1501-08 MILLENNIUM CITY 5, 418 KWUN TONG ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

2/21/2017
(Street)

KWUN TONG, K3 418
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   2/21/2017   2/21/2017   A    43272865   (1) A $0.033   221775743   I   See Footnotes   (1) (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option   $0.39   8/6/2009     A      1000000       8/6/2019   8/5/2019   Common stock   1000000   $0   1000000   D   (3)  
Employee Stock Option   $0.39   8/6/2009     A      5600364         (4) 8/5/2019   Common Stock   5600354   $0   6600364   D   (4)  

Explanation of Responses:
( 1)  These shares were issued in lieu of the payment of interest owed to China Electric Vehicle Corporation on the Issuer's Senior Convertible Note dated January 12, 2011 and in satisfaction of indebtedness owed by the Issuer to Cathaya Management Co. Limited and to Better World International Hong Kong. China Electric Vehicle Corporation, Cathaya Management Co. Limited and Better World International are affiliates of the Reporting Person.
( 2)  Priscilla M. Lu disclaims beneficial ownership of the Issuer's securities reported herein except to the extent of her pecuniary interest.
( 3)  This option was granted to Priscilla M. Lu on August 6, 2009 and fully was vested and immediately exercisable on the date of grant.
( 4)  This option was granted to Priscilla M. Lu on August 6, 2009 and becomes fully vested and exercisable in three equal installments beginning August 6, 2009.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cathaya Capital LP
1501-08 MILLENNIUM CITY 5
418 KWUN TONG ROAD
KWUN TONG, K3 418

X
Member of 10% Group
LU PRISCILLA M

 
X X
Member of 10% Owner Group
China Electric Vehicle Corp
1501-08 MILLENNIUM CITY 5
KWUN TONG ROAD 418
KWUN TONG, K3 418

X
Member of 10% Owner Group
Better World International Ltd
1501-08 MILLENNIUM CITY 5
KWUN TONG ROAD
KWUN TONG, K3 418

X
Member of 10% Owner Group

Signatures
/s/ Priscilla M. Lu, General Partner of Cathaya Capital L. P. 3/31/2017
** Signature of Reporting Person Date

/s/ Priscilla M. Lu 3/31/2017
** Signature of Reporting Person Date

/s/ Priscilla M. Lu, director of China Electric Vehicle Corporation 3/31/2017
** Signature of Reporting Person Date

By: /s/ Priscilla M. Lu, director of Better World International Ltd. 3/31/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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