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Filing Details

Accession Number:: 0000899243-16-033281
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-14 10:15:24
Reporting Period:: 2016-11-11

Filing Date:: 2016-11-14
Accepted Time:: 2016-11-14 10:15:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1140310	Ensync Inc.	ESNC	Electric Services (4911)	391987014

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1684251	Jilun He	45F, China Resources Building 26 Harbour Road, Wan Chai Hong Kong K3 00000		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-11-11	44,033	$0.80	7,182,799	No	4	P	Direct
Common Stock	Acquisiton	2016-11-12	361,384	$0.90	7,544,183	No	4	P	Direct
Common Stock	Acquisiton	2016-10-25	8,000,000	$0.68	8,000,000	No	4	P	Indirect	By Melodious Investments Company Limited

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct
No	4	P	Indirect	By Melodious Investments Company Limited

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series C-1 Convertible Preferred Stock	$0.67			10,500,000	10,500,000	Indirect
Common Stock	Series C-2 Convertible Preferred Stock	$0.67			6,500,000	6,500,000	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	10,500,000	10,500,000	Indirect
	6,500,000	6,500,000	Indirect

Footnotes

This transaction was executed in multiple trades at prices ranging from $0.79 to $0.81; the price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
This transaction was executed in multiple trades at prices ranging from $0.82 to $1.0; the price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.
Pursuant to a share purchase agreement (the "Share Purchase Agreement") dated as of August 30, 2016 among Melodious Investments Company Limited ("MICL"), Jilun He and SPI Solar, Inc. ("SPI"), MICL purchased an aggregate of 8,000,000 shares of the issuer's Common Stock at a per share price of $0.68 on October 25, 2016.
Jilun He currently owns the entire outstanding share capital of Melodious International Investments Group Limited, which currently owns the entire outstanding share capital of Melodious Investments Company Limited which directly holds (i) 8,000,000 shares of the issuer's Common Stock, and (ii) 7,012 shares of the issuer's Series C-1 Convertible Preferred Stock and 4,341 shares of the issuer's Series C-2 Convertible Preferred Stock. Jilun He is the sole director of Melodious International Investments Group Limited and Melodious Investments Company Limited.
Pursuant to the Share Purchase Agreement, MICL has the right to request SPI to repurchase such Series C-1 Convertible Preferred Stock and Series C-2 Convertible Preferred Stock (the "Preferred Shares") at a price of US$1,018.25 per share, plus an uncompounded 10% annual interest in the event any of the Preferred Shares is not converted into Common Stock of the issuer within six months following the closing date under the share purchase agreement.
Series C-1 Convertible Preferred Stock will only become convertible upon the completion of five megawatts worth of solar projects (the "Projects") in accordance with certain supply agreement by and between Solar Power, Inc. and the issuer dated July 13, 2015 and has no expiration date.
Series C-2 Convertible Preferred Stock will only become convertible upon the completion of 15 megawatts worth of Projects and has no expiration date.