This Amendment No. 4 amends the Schedule 13D filed with the United States Securities and Exchange Commission on August 24, 2000, as amended by Amendment No. 1 filed on August 28, 2012, as further amended by Amendment No. 2 filed on October 11, 2016 and Amendment No. 3 filed on January 13, 2017 (the Statement) on behalf of the undersigned. This Amendment No. 4 is being filed to report a purchase of Common Stock (the Common Stock) of Retractable Technologies, Inc. (the Company), which purchase represents a greater than 1% change in the percentage of Common Stock owned by the undersigned. Unless specifically amended hereby, the disclosure set forth in the Statement shall remain unchanged.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Shaw acquired the stock using personal funds. No part of the purchase price was borrowed.
Item 4. Purpose of the Transaction.
The purpose of the transaction is to acquire additional control of the Company and provide additional cash to the Company.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Statement is amended and restated as follows:
(a)
As of the date hereof, Mr. Shaw has beneficial ownership of 17,335,642 shares which comprises 53.1% of the Common Stock of the Company. There were 31,666,454 shares of Common Stock of the Company outstanding prior to the issuance of shares to Mr. Shaw pursuant to the transaction identified in Item (c) of this Item 5. In total, there are 32,666,454 shares outstanding as of the date hereof.
(b)(i)
Mr. Shaw has sole power to vote 1,770,000 shares of Common Stock standing in the name of the August 2010 Family Trust and 1,000,000 shares of Common Stock standing in the name of the August Gifting Trust, both holdings being subject to a Voting Agreement with his former spouse (the Voting Agreement).
(ii)
Mr. Shaw has sole power to vote and dispose 13,065,642 shares of Common Stock standing in his name.
(iii)
Mr. Shaw has sole power to dispose of a total of 1,500,000 shares of Common Stock standing in the names of three trusts for which he serves as trustee for the benefit of each of his three children.
(c)
On August 23, 2017, Mr. Shaw entered into a private purchase with the Company for One Million (1,000,000) shares of Common Stock for an aggregate purchase price of
Five Hundred Seventy Thousand One Hundred Dollars ($570,100.00)
.
(d)
The August 2010 Family Trust and the August Gifting Trust (and the beneficiaries thereof) shall have the right to receive dividends from, or the proceeds from the sale of, the shares identified in Item (b)(i) of this Item 5. The three trusts identified in Item (b)(iii) of this Item 5 (and the beneficiaries thereof) shall have the right to receive dividends from, or the proceeds from the sale of, 500,000 shares of Common Stock each.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.
DATE: August 25, 2017
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BY:
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/s/ THOMAS J. SHAW
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THOMAS J. SHAW
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