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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CHAN FRED S L 48461 FREMONT BLVD FREMONT, CA 94538 |
X | X | Chairman of the Board | |
CHAN ANNIE M H 48461 FREMONT BLVD FREMONT, CA 94538 |
X |
/s/ Fred Shiu Leung Chan | 04/06/2005 | |
**Signature of Reporting Person | Date | |
/s/ Annie M.H. Chan | 04/06/2005 | |
**Signature of Reporting Person | Date | |
/s/ Annie M.H. Chan, Trustee, The Annie M.H. Chan Living Trust UA 07-25-95 | 04/06/2005 | |
**Signature of Reporting Person | Date | |
/s/ Annie M.H. Chan, Managing Member, Everbright II, LLC, General Partner of Evershine XVI, L.P. | 04/06/2005 | |
**Signature of Reporting Person | Date | |
/s/ Annie M.H. Chan, Managing Member, Everbright II, LLC | 04/06/2005 | |
**Signature of Reporting Person | Date | |
/s/ Fred Shiu Leung Chan, Managing Member, Everbright II, LLC | 04/06/2005 | |
**Signature of Reporting Person | Date | |
/s/ Mee Sim Lee, Co-Trustee of the David Y.W. Chan Trust UA DTD 12-21-87, the Edward Y.C. Chan Trust UA DTD 12-21-87, the Michael Y.J. Chan Trust UA DTD 3-16-92 and the Shiu Leung Chan & Annie M.H. Chan Gift Trust Dated 11/20/93 | 04/06/2005 | |
**Signature of Reporting Person | Date | |
/s/ Sung Kook Kim, Co-Trustee of the David Y.W. Chan Trust UA DTD 12-21-87, the Edward Y.C. Chan Trust UA DTD 12-21-87, the Michael Y.J. Chan Trust UA DTD 3-16-92 and the Shiu Leung Chan & Annie M.H. Chan Gift Trust Dated 11/20/93 | 04/06/2005 | |
**Signature of Reporting Person | Date | |
/s/ Myong Shin Kim, Co-Trustee of the David Y.W. Chan Trust UA DTD 12-21-87, the Edward Y.C. Chan Trust UA DTD 12-21-87 and the Michael Y.J. Chan Trust UA DTD 3-16-92 | 04/06/2005 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | This Form 4 is filed jointly by Fred Shiu Leung Chan ("F. Chan"), Annie M.H. Chan ("A. Chan"), The Annie M.H. Chan Living Trust UA 07-25-95 (the "Chan Living Trust"), The David Y.W. Chan Trust UA DTD 12-21-87 (the "David Chan Trust"), The Edward Y.C. Chan Trust UA DTD 12-21-87 (the "Edward Chan Trust"), The Michael Y.J. Chan Trust UA DTD 3-16-92 (the "Michael Chan Trust"), the Shiu Leung Chan & Annie M.H. Chan Gift Trust Dated 11/20/93 (the "Chan Gift Trust"), Evershine XVI, L.P. ("Evershine"), a California limited partnership, and Everbright II, LLC ("Everbright"), a California limited liability Company. F. Chan, A. Chan, Chan Living Trust, David Chan Trust, Edward Chan Trust, Michael Chan Trust, Chan Gift Trust, Evershine and Everbright are collectively referred to as the "Reporting Persons." |
(2) | On March 28, 2005, the Reporting Persons contributed an aggregate of 32,039,840 shares of the Issuer's Common Stock to Victory Acquisition Corporation, a Delaware corporation ("Victory"), in exchange for an equal number of shares of Victory's Common Stock. F. Chan is the sole director and executive officer of Victory and individually holds 15.7% of the issued and outstanding stock of Victory. Individually, A. Chan, the Chan Living Trust and Evershine are the holders of 17.9%, 25.1% and 27.5%, respectively, of the issued and outstanding stock of Victory. The Reporting Persons are, collectively, the beneficial owners of 100% of the issued and outstanding stock of Victory. Except to the extent of any pecuniary interest therein, the Reporting Persons disclaim beneficial ownership of any of Issuer's securities held by Victory. |
(3) | The reported securities were directly held by F. Chan, the spouse of A. Chan. Except to the extent of any indirect pecuniary interest therein, Mrs. Chan disclaims beneficial ownership of these securities. |
(4) | The reported securities were directly held by A. Chan, the spouse of F. Chan. Except to the extent of any indirect pecuniary interest therein, Mr. Chan disclaims beneficial ownership of these securities. |
(5) | The reported securities were directly held by the Chan Living Trust of which A. Chan is the sole Trustee. Except to the extent of any indirect pecuniary interest therein, Mrs. Chan disclaims beneficial ownership of these securities. |
(6) | The reported securities were directly held by Evershine. Everbright, as the sole general partner of Evershine, and F. Chan and A. Chan, as the managing members of Everbright, may be deemed to exercise voting and dispositive powers with respect to these securities. Except to the extent of any indirect pecuniary interest therein, Everbright, F. Chan and A. Chan disclaim beneficial ownership of these securities. |
(7) | The reported securities were held directly by the David Chan Trust. |
(8) | The reported securities were directly held by the Edward Chan Trust. |
(9) | The reported securities were directly held by the Michael Chan Trust. |
(10) | The reported securities were directly held by the Chan Gift Trust. |
(11) | The David Chan Trust, Edward Chan Trust, Michael Chan Trust and Chan Gift Trust were established by F. Chan and/or A. Chan for the benefit of their children. Mr. and Mrs. Chan are not trustees of these trusts and disclaim beneficial ownership of and any pecuniary interest in these securities. |
Remarks: A COPY OF THE JOINT FILING AGREEMENT DATED MARCH 31, 2005 BETWEEN THE REPORTING PERSONS AND RELATING TO THE SECURITIES OF THE ISSUER IS ATTACHED TO THE SCHEDULE 13D TO BE FILED WITH THE U.S. SECURITIES & EXCHANGE COMMISSION. |