Statement of Changes in Beneficial Ownership (4)
February 14 2018 - 6:34AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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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
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1. Name and Address of Reporting Person
*
Jie Yang
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2. Issuer Name
and
Ticker or Trading Symbol
China Commercial Credit Inc
[
CCCR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
General Manager
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(Last)
(First)
(Middle)
42-32 147TH STREET
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3. Date of Earliest Transaction
(MM/DD/YYYY)
12/12/2017
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(Street)
FLUSHING, NY 11355
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $0.001
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12/12/2017
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P
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150000
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A
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$3.50
(1)
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3484386
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D
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Common Stock, par value $0.001
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2/8/2018
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S
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2941511
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D
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$1.50
(2)
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542875
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D
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Common Stock, par value $0.001
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2/8/2018
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S
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819900
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D
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$1.50
(2)
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0
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I
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See footnote
(3)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Warrant
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$2.26
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9/29/2017
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P
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158370
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9/29/2017
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9/29/2022
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Common Stock
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158370
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(4)
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158370
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D
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Warrant
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$4.20
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12/12/2017
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P
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60000
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12/12/2017
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12/11/2022
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Common stock
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60000
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(1)
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60000
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D
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Explanation of Responses:
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(1)
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The Reporting Person acquired an aggregate of 150,000 shares of common stock, at the purchase price of $3.50, and received warrants to initially purchase an aggregate of 60,000 shares of common stock with an exercise price of $ 4.20 per share in a registered direct offering of the Issuer.
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(2)
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On February 8, 2018, the Reporting Person sold 2,941,511shares in a private transaction for a per share purchase price of $1.50 pursuant to certain Share Purchase Agreement dated February 7, 2018 by and among Daqin International Business HK Limited.and Yang Jie as sellers Shuxiang Zhang, Qun Ma and Wenlong Deng as buyers.
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(3)
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These shares of common stock are owned by Daqin International Business HK Limited ("Daqin"), an entity owned by Daqin BVI, a company incorporated in British Virgin Island. Since Mr. Yang Jie is the sole shareholder and sole director of Daqin BVI, he may be deemed as the beneficial owner of the shares owned Daqin.
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(4)
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On September 29, 2017, Yang Jie (the "Reporting Person") purchased 452,486 shares of the Issuer's common stock and a warrant to purchase 158,370 shares of the Issuer's common stock with an initial exercise price of $2.26 per share for an aggregate purchase price of $819,000 pursuant to certain securities purchase agreement dated September 27, 2017.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Jie Yang
42-32 147TH STREET
FLUSHING, NY 11355
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General Manager
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Signatures
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/s/ Yang Jie
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2/13/2018
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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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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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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