Chan Heng Fai Ambrose's Form 4/A amendment
AmendedOptimumBank Holdings, Inc. (OPHC) · filed Jul 27, 2021
- Accession no.
- 0001493152-21-017854
- Filed
- Jul 27, 2021
- Trade date
- Jul 23, 2021
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
- Original filed
- Apr 2, 2021
This filing lists 1 non-derivative transaction and 2 derivative transactions. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Chan Heng Fai AmbroseCIK 0001261725 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 23, 2021 | Common Stock | PPurchaseAcquired | +282,377 | –F1 | – | 375,357 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
American Pacific Bancorp., Inc. purchased 282,377 shares of the common stock of OptimumBank Holdings, Inc. in a two part transaction. First, American Pacific Bancorp., Inc. purchased 847.13 Capital Securities issued by Optimum Bank Holdings Capital Trust I, a statutory trust (the "Trust Preferred Securities") for $1,200,102.25. Optimumbank Holdings, Inc. is the sponsor of the Optimum Bank Holdings Capital Trust I. American Pacific Bancorp., Inc. then exchanged these 847.13 Trust Preferred Securities for 282,377 shares of the common stock OptimumBank Holdings, Inc. Accordingly, the consideration paid for these 282,377 shares of the common stock of OptimumBank Holdings, Inc. was equal to $4.25 per share.
Referenced by the price of 1 transaction in Table I and 2 transactions in Table II.
- F2
Held by American Pacific Bancorp., Inc. The Reporting Person is the Chairman and Chief Executive Officer, and personally and through an entity, is the majority shareholder of Alset EHome International Inc., which is the majority shareholder of American Pacific Bancorp., Inc. The Reporting Person has dispositive control over these securities.
- F3
Held by Heng Fai Holdings Limited, an entity of which the Reporting Person is the sole owner. The Reporting Person has dispositive control over these securities.
Remarks
All transactions herein reflected were originally reported and filed with the Commission on Form 4 on April 2, 2021. However, it was subsequently determined that such transaction should be deemed to have occurred effective as of July 23, 2021 instead of March 31, 2021, and accordingly the Form 4 dated as of April 2, 2021 is hereby amended to reflect July 23, 2021 as the effective date. The purchase price and number of shares remains unchanged.