SC 13G/A 1 d270213dsc13ga.htm SCHEDULE 13G AMENDMENT NO. 16 SCHEDULE 13G AMENDMENT NO. 16

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to Be Included in Statements Filed Pursuant to Rules 13d-1 (b), (c) and (d) and Amendments Thereto Filed Pursuant To 13d-2

Under the Securities Exchange Act of 1934

(Amendment No. 16)*

 

 

Baidu, Inc.

(Name of Issuer)

Class A Ordinary Shares

Class B Ordinary Shares

(Title of Class of Securities)

G07034104

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

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).

 

 

 

CUSIP No. G07034104    13G    Page 2 of 8 Pages

 

  1    

  Name of Reporting Person

 

  Robin Yanhong Li

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  The People’s Republic of China

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

    5     

Sole Voting Power

 

457,682,2561 ordinary shares. Handsome Reward Limited may also be deemed to have sole voting power with respect to 451,582,368 ordinary shares.

   6   

Shared Voting Power

 

0

   7   

Sole Dispositive Power

 

457,682,2561 ordinary shares. Handsome Reward Limited may also be deemed to have sole dispositive power with respect to 451,582,368 ordinary shares.

   8   

Shared Dispositive Power

 

0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  457,682,256 ordinary shares

10  

  Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  ☒

11  

  Percent Of Class Represented By Amount In Row 9

 

  16.5%2

12  

  Type of Reporting Person

 

  IN

 

1 

Includes (i) 3,013,200 Class A Ordinary Shares directly held by Mr. Li on record, (ii) 2,269,000 Class A ordinary shares in the form of ADSs held by Mr. Li in the brokerage account of the administrator of the issuer’s employee stock option program, (iii) 817,688 Class A Ordinary Shares issuable to Mr. Li upon vesting of restricted shares within 60 days after December 31, 2021, (iv) 439,200,000 Class B Ordinary Shares held on record by Handsome Reward Limited, a British Virgin Islands company wholly owned by Mr. Li, (v) 5,772,720 Class A ordinary shares in the form of ADSs held by Handsome Reward Limited in the brokerage account of the administrator of the issuer’s employee stock option program, (vi) 6,411,008 Class A Ordinary Shares issuable to Handsome Reward Limited upon exercise of options within 60 days after the date of December 31, 2021, and (vii) 198,640 Class A Ordinary Shares issuable to Handsome Reward Limited upon vesting of restricted shares within 60 days after December 31, 2021. Each Class B Ordinary Share is convertible at the option of the holder into one Class A Ordinary Share. The rights of the holders of Class A Ordinary Shares and Class B Ordinary Shares are identical, except with respect to conversion rights (noted above) and voting rights. Each Class B Ordinary Share is entitled to ten votes per share, whereas each Class A Ordinary Share is entitled to one vote per share.

2 

Assumes conversion of all Class B Ordinary Shares into the same number of Class A Ordinary Shares.

CUSIP No. G07034104    13G    Page 3 of 8 Pages

 

  1    

  Name Of Reporting Person

 

  Handsome Reward Limited

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  British Virgin Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

    5     

Sole Voting Power

 

451,582,3683 ordinary shares. Robin Yanhong Li may also be deemed to have sole voting power with respect to the above shares.

   6   

Shared Voting Power

 

0

   7   

Sole Dispositive Power

 

451,582,3683 ordinary shares. Robin Yanhong Li may also be deemed to have sole dispositive power with respect to the above shares.

   8   

Shared Dispositive Power

 

0

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  451,582,368 ordinary shares

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  ☐

11  

  Percent of Class Represented by Amount in Row 9

 

  16.3%4

12  

  Type of Reporting Person

 

  CO

 

3 

Includes (i) 439,200,000 Class B Ordinary Shares held on record, (ii) 5,772,720 Class A ordinary shares in the form of ADSs held by Handsome Reward Limited in the brokerage account of the administrator of the issuer’s employee stock option program, (iii) 6,411,008 Class A Ordinary Shares issuable upon exercise of options within 60 days after December 31, 2021, and (iv) 198,640 Class A Ordinary Shares issuable upon vesting of restricted shares within 60 days after December 31, 2021.

4 

Assumes conversion of all Class B Ordinary Shares into the same number of Class A Ordinary Shares.

CUSIP No. G07034104    13G    Page 4 of 8 Pages

 

Item 1(a).

Name of Issuer:

Baidu, Inc.

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

Baidu Campus

No. 10 Shangdi 10th Street

Haidian District, Beijing 100085

The People’s Republic of China

 

Item 2(a).

Name of Person Filing:

Robin Yanhong Li

Handsome Reward Limited

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

Robin Yanhong Li

Baidu Campus

No. 10 Shangdi 10th Street

Haidian District, Beijing 100085

The People’s Republic of China

Handsome Reward Limited

c/o Robin Yanhong Li

Baidu Campus

No. 10 Shangdi 10th Street

Haidian District, Beijing 100085

The People’s Republic of China

 

Item 2(c)

Citizenship:

Robin Yanhong Li – The People’s Republic of China

Handsome Reward Limited – British Virgin Islands

 

Item 2(d).

Title of Class of Securities:

Class A Ordinary Shares and Class B Ordinary Shares (collectively, “Ordinary Shares”)

 

Item 2(e).

CUSIP Number:

G07034104

 

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a:

Not applicable

CUSIP No. G07034104    13G    Page 5 of 8 Pages

 

Item 4.

Ownership:

The following information with respect to the ownership of the Ordinary Shares of the issuer by each of the reporting persons is provided as of December 31, 2021:

 

Reporting Person

    Amount
beneficially
owned:		      Percent
of
class:		     Sole power to
vote or direct
the vote:		      Shared
power to
vote or
to direct
the vote:		      Sole power
to dispose or
to direct the
disposition of:		      Shared
power to
dispose or
to direct
the
disposition
of:		  

Robin Yanhong Li

      457,682,256        16.5 %      457,682,256        0        457,682,256        0  

Handsome Reward Limited

      451,582,368        16.3 %      451,582,368        0        451,582,368        0  

The above table includes collectively those Class A Ordinary Shares and Class B Ordinary Shares held by each reporting person, and assumes conversion of all Class B Ordinary Shares into the same number of Class A Ordinary Shares.    

As of December 31, 2021, Robin Yanhong Li was the record owner of 3,013,200 Class A Ordinary Shares, and owned 2,269,000 Class A ordinary shares in the brokerage account of the administrator of the issuer’s employee stock option program. Mr. Li also had right to acquire 817,688 Class A Ordinary Shares upon vesting of restricted shares, granted under the Company’s share incentive plans, within 60 days after December 31, 2021.

As of December 31, 2021, Handsome Reward Limited, a British Virgin Islands company, was the record owner of 439,200,000 Class B Ordinary Shares, and owned 5,772,720 Class A ordinary shares in the brokerage account of the administrator of the issuer’s employee stock option program. Handsome Reward Limited also had right to acquire 6,411,008 Class A Ordinary Shares upon exercise of options, and 198,640 Class A Ordinary Shares upon vesting of restricted shares, granted under the Company’s share incentive plans, within 60 days after December 31, 2021. Robin Yanhong Li is the sole owner and director of Handsome Reward Limited. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Robin Yanhong Li may be deemed to beneficially own all of the shares held by Handsome Reward Limited.

CUSIP No. G07034104    13G    Page 6 of 8 Pages

 

The voting power of the shares beneficially owned by Robin Yanhong Li represented 56.5% of the total outstanding voting power of the Company as of December 31, 2021. The percentage of voting power is calculated by dividing the voting power beneficially owned by the reporting person by the voting power of all of the Company’s holders of Class A ordinary shares and Class B ordinary shares as a single class as of December 31, 2021 (taking into account the number of shares that the Reporting Person had the right to acquire based on the options and restricted shares that shall have become vested by 60 days after December 31, 2021). Each holder of Class A Shares is entitled to one vote per share and each holder of Class B Shares is entitled to ten votes per share on all matters submitted to them for a vote.

Melissa Ma, Robin Yanhong Li’s wife, was the record owner of 116,000,000 Class B Ordinary Shares as of December 31, 2021. In addition, she also owned 27,090 ADSs in the brokerage account of the administrator of the issuer’s employee stock option program, and had the right to acquire 9,677 ADSs upon the vesting of restricted share units granted under the Company’s share incentive plan within 60 days after December 31, 2021. Robin Yanhong Li may be deemed to share beneficial ownership of the shares owned by Melissa Ma. Mr. Li expressly disclaims such beneficial ownership of the shares beneficially owned by Ms. Ma.

 

Item 5.

Ownership of Five Percent or Less of a Class:

Not applicable

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

Not applicable

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Controlling Person:

Not applicable

 

Item 8.

Identification and Classification of Members of the Group:

Not applicable

 

Item 9.

Notice of Dissolution of Group:

Not applicable

 

Item 10.

Certifications:

Not applicable

CUSIP No. G07034104    13G    Page 7 of 8 Pages

 

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.

Dated: February 11, 2022

 

Robin Yanhong Li    

/s/ Robin Yanhong Li

    Robin Yanhong Li
Handsome Reward Limited     By:  

/s/ Robin Yanhong Li

    Name: Robin Yanhong Li
    Title: Director

LIST OF EXHIBITS

 

Exhibit No.   

Description

A    Joint Filing Agreement