FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Alset EHome International Inc. [ AEI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/14/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 | 06/14/2021 | J(1) | 6,380,000 | A | $0 | 6,898,348 | I | Through HFE Holdings Limited(2) | ||
Common Stock | 06/14/2021 | J(3) | 2,132,000 | A | $0 | 9,030,348 | D | |||
Common Stock | 06/14/2021 | C(4) | 2,770,531 | A | $5.59(4) | 11,800,879 | D | |||
Common Stock | 06/14/2021 | C(5) | 5,152,186 | A | $5.59(5) | 16,953,065 | D | |||
Common Stock | 06/14/2021 | C(6) | 31,179 | A | $5.59(6) | 16,984,244 | D | |||
Common Stock | 06/14/2021 | C(7) | 1,210,070 | A | $5.59(7) | 18,194,314 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
Series A Convertible Preferred Stock(1) | (1) | 06/14/2021 | J(1) | 6,380 | (1) | (1) | Common Stock | 6,380,000 | (1) | 0 | I | Through HFE Holdings Limited(2) | |||
Series B Convertible Preferred Stock(3) | (3) | 06/14/2021 | J(1) | 2,132 | (3) | (3) | Common Stock | 2,132,000 | (3) | 0 | D |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. 6,380 shares of Series A Convertible Preferred Stock held by the reporting person automatically converted into 6,380,000 shares of common stock upon an increase in the authorized common stock of Alset EHome International Inc., pursuant to the terms of the Certificate of Designations, Preferences and Rights of the Series A Convertible Preferred Stock. |
2. These shares of common stock are owned directly by HFE Holdings Limited. Chan Heng Fai, the Chairman of the Board and Chief Executive Officer of Alset EHome International Inc., also indirectly beneficially owns all shares owned by HFE Holdings Limited. Mr. Chan has voting and investment power with respect to such shares. |
3. 2,132 shares of Series B Convertible Preferred Stock held by the reporting person automatically converted into 2,132,000 shares of common stock upon an increase in the authorized common stock of Alset EHome International Inc., pursuant to the terms of the Certificate of Designations, Preferences and Rights of the Series B Convertible Preferred Stock. |
4. On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $15,487,265 into 2,770,531 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share. |
5. On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $28,800,721 into 5,152,186 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share. |
6. On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $174,288 into 31,179 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share. |
7. On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $6,764,291 into 1,210,070 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share. |
/s/ Chan Heng Fai | 06/15/2021 | |
/s/ HFE Holdings Limited, by Chan Heng Fai | 06/15/2021 | |
** 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. | ||
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 Number. |