Filing Details

Accession Number:
0001659173-16-000212
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-04-01 11:53:18
Reporting Period:
2016-02-14
Filing Date:
2016-04-01
Accepted Time:
2016-04-01 11:53:18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1606699 Americatowne Inc. NONE Blank Checks (6770) 465488722
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1612105 Alton Perkins 4700 Homewood Court
Suite 100
Raleigh NC 27609
Chair, Ceo, Cfo, Sec. No Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-02-14 16,536 $2.75 21,691,020 No 4 P Indirect Perkins Family Trust, AXP Trust 3, Yilaime Corp (Nevada), Yilaime NC, and Perkins HSU Export Corp.
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Perkins Family Trust, AXP Trust 3, Yilaime Corp (Nevada), Yilaime NC, and Perkins HSU Export Corp.
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Option $0.05 2014-11-25 2019-11-25 1,000,000 0 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-11-25 1,000,000 0 Direct
Footnotes
  1. Alton Perkins is a beneficial owner of AmericaTowne, Inc., subject to reporting. With the issuance of 16,536 shares of common stock in AmericaTowne, Inc. to Perkins Hsu Export Corp., Alton Perkins now beneficially controls 21,691,020 shares of common stock in AmericaTowne, Inc. via the Perkins Family Trust (7,803,484), the AXP Family 3 Trust (120,000), Yilaime Corp. (Nevada) (13,750,000), Yilaime NC (1,000) and Perkins Hsu (16,536) for a total beneficial ownership interest of 21,691,020 shares of common stock, which equals a 81.05% ownership interest.
  2. Alton Perkins holds an option under his Employment Agreement with the Issuer to purchase up to 1,000,000 shares of common stock of the Company per year at any time prior to the conclusion of the first year of the Agreement, i.e. prior to 365 days after execution of the Agreement, which was on November 25, 2014, at a price of $0.05 per share, and annually thereafter for a total of 5 consecutive years. The shares purchased under this option shall be considered subject to all rights and restrictions set forth in his Employment, Lock-Up and Options Agreement.