Amended Statement of Beneficial Ownership (sc 13d/a)
July 25 2018 - 5:24PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 21)*
(Name of Issuer)
Common shares,
no par value
(Title of Class of Securities)
250639 10
1
(CUSIP Number)
Carrie Leahy
Bodman PLC
201 S. Division, Suite 400
Ann Arbor, MI 48104
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 11,
2018
(Date of Event which
Requires Filing of this Statement)
If the filing person has previously
filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule
because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
o
Note
: Schedules filed in
paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other
parties to whom copies are to be sent.
* The remainder of this cover page
shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the
remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D/A
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CUSIP No. 250639 10 1
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1.
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Names of Reporting Persons.
Richard Pui Hon Lau
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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(b)
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
PF
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
o
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6.
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Citizenship or Place of Organization
Hong Kong
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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7.
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Sole Voting Power 7,745,721
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8.
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Shared Voting Power 0
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9.
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Sole Dispositive Power 7,745,721
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10.
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Shared Dispositive Power 0
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person 48.1%
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
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13.
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Percent of Class Represented by Amount in Row (11) 48.1%
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14.
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Type of Reporting Person (See Instructions)
IN
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This Amendment No. 21 to Schedule
13D (this “Amendment”) amends and supplements the statements on the Amendment No. 1 to Schedule 13D (“Amendment
No. 1”) filed by Mr. Richard Pui Hon Lau (“Mr. Lau”) with the Securities and Exchange Commission (the “Commission”)
on May 30, 2014, the Amendment No. 2 to Schedule 13D filed by Mr. Lau with the Commission on July 29, 2014 (“Amendment No.
2”), the Amendment No. 3 to Schedule 13D filed by Mr. Lau with the Commission on September 29, 2014 (“Amendment No.
3”), the Amendment No. 4 to Schedule 13D filed by Mr. Lau with the Commission on February 9, 2015 (“Amendment No. 4”),
the Amendment No. 5 to Schedule 13D filed by Mr. Lau with the Commission on April 30, 2015 (“Amendment No. 5”), the
Amendment No. 6 to Schedule 13D
filed by Mr. Lau with the Commission on July 10, 2015 (“Amendment No. 6”), the Amendment No. 7 to Schedule 13D filed
by Mr. Lau with the Commission on August 7, 2015 (“Amendment No. 7”), the Amendment No. 8 to Schedule 13D filed by
Mr. Lau with the Commission on November 2, 2015 (“Amendment No. 8”), the Amendment No. 9 to Schedule 13D filed by Mr.
Lau with Commission on November 27, 2015 (“Amendment No. 9”), the Amendment No. 10 to Schedule 13D filed by Mr. Lau
with the Commission on January 7, 2016 (“Amendment No. 10”), the Amendment No. 11 to Schedule 13D filed by Mr. Lau
with the Commission on February 18, 2016 (“Amendment No. 11”), the Amendment No. 12 to Schedule 13D filed by Mr. Lau
with the Commission on July 22, 2016 (“Amendment No. 12”), the Amendment No. 13 to Schedule 13D filed by Mr. Lau with
the Commission on September 23, 2016 (“Amendment No. 13”), the Amendment No. 14 to Schedule 13D filed by Mr. Lau with
the Commission on November 16, 2016 (“Amendment No. 14”), the Amendment No. 15 to Schedule 13D filed by Mr. Lau with
the Commission on April 13, 2017 (“Amendment No. 15”), the Amendment No. 16 to Schedule 13D filed by Mr. Lau with the
Commission on June 14, 2017, the Amendment No. 17 filed by Mr. Lau with the Commission on July 12, 2017 (“Amendment No. 17,”),
the Amendment No. 18 to Schedule 13D filed by Mr. Lau with the Commission on September 21, 2017 (“Amendment No. 18”),
the Amendment No. 19 to Schedule 13D filed by Mr. Lau with the Commission on November 15, 2017 (“Amendment No. 19”),
and the Amendment No. 20 to Schedule 13D filed by Mr. Lau with the Commission on February 7, 2018 (“Amendment No. 20,”
and, collectively with Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment
No. 7, Amendment No. 8, Amendment No. 9, Amendment No. 10, Amendment No. 11, Amendment No. 12, Amendment No. 13, Amendment No.
14, Amendment No. 15, Amendment No. 16, Amendment No. 17, Amendment No. 18, and Amendment No. 19 the “Prior Amendments”),
each with respect to the common shares without par value (“Common Shares”) of Deswell Industries, Inc., a company organized
under the laws of the British Virgin Islands (the “Company”).
The percentage calculations in the
above cover page, and as set forth below, are based on a total outstanding number of Common Shares of
16,085,239.
Such number
represents 15,885,239 outstanding Common Shares (as disclosed by the Company as of July 13, 2018), plus the
200,000 Common Shares immediately exercisable by Mr. Lau under the Stock Option (as defined in Item 3).
Except as set forth herein, the
Prior Amendments remain unmodified.
Item 5. Interest in Securities of the Issuer
.
Item 5 of Amendment No. 20 is hereby amended and restated
in its entirety as follows:
(a – b) As a result of the
open market purchases consummated by Mr. Lau since February 7, 2018, as of the date hereof Mr. Lau beneficially owns 7,745,721
Common Shares. Such shares consist of 7,545,721 Common Shares held of record by Mr. Lau and an immediately exercisable option to
purchase up to 200,000 Common Shares. Such holdings represent 48.1% of the Common Shares. Mr. Lau has sole power to vote and dispose
of all Common Shares held of record by Mr. Lau as of the date hereof, and upon exercise of any portion of the Stock Option, would
have sole power to vote and dispose of any Common Shares so acquired.
(c) Mr. Lau has individually engaged
in and effected the following open market purchases of Common Shares in the past sixty days:
Purchase Date
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Number of Shares Purchased
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Purchase Price
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June 14, 2018
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5,253
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3.2435
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June 14, 2018
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1,060
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3.2335
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June 14, 2018
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3,620
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3.2235
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June 19, 2018
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2,100
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3.13
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June 25, 2018
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2,900
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3.25
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June 25, 2018
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2,200
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3.24
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June 27, 2018
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50
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3.23
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June 27, 2018
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10,974
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3.26
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June 27, 2018
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50
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3.25
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June 27, 2018
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9,500
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3.29
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June 27, 2018
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11,876
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3.27
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June 28, 2018
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9,800
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3.33
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July 5, 2018
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55
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3.34
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July 11, 2018
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8,200
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3.35
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July 12, 2018
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898
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3.36
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July 17, 2018
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30,000
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3.4
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(d) Not applicable.
(e) Not applicable.
SIGNATURE
After reasonable inquiry, and to
the best of my knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true,
complete and correct.
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/s/ Richard Pui Hon Lau
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Richard Pui Hon Lau
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Date: July 25, 2018
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