Filing Details

Accession Number:
0001144204-10-067249
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-12-17 18:43:55
Reporting Period:
2010-12-09
Filing Date:
2010-12-17
Accepted Time:
2010-12-17 18:43:55
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1287668 China Architectural Engineering Inc. CAEI Services-Engineering Services (8711) 510501250
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1499644 Jun Tang C/o China Architectural Engineering Inc.
No 801 Wuzhong Rd, Changzhou Science
Wujin Dist, Changzhou, Jiangsu F4 213164
Yes No Yes No
1499645 Ltd Investment Jet First C/o China Architectural Engineering Inc.
No 801 Wuzhong Rd, Changzhou Science
Wujin Dist, Changzhou, Jiangsu F4 213164
No No Yes No
1500263 Alan Leung C/o China Architectural Engineering Inc.
No 801 Wuzhong Rd, Changzhou Science
Wujin Dist, Changzhou, Jiangsu F4 213164
Chief Executive Officer Yes Yes Yes No
1508297 Gaotime Corp Ltd C/o China Architectural Engineering Inc.
No 801 Wuzhong Rd, Changzhou Science
Wujin Dist, Changzhou, Jiangsu F4 213164
No No 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 Disposition 2010-12-09 6,000,000 $0.55 19,000,000 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. On December 9, 2010, the Reporting Person effected a transfer of a total of 6,000,000 shares of common stock of the Issuer to three purchasers in a private sales transaction at a per share sales price of $0.55, for aggregate proceeds of $3.3 million. In connection with the sale, the Reporting Person granted a single put option to each of the purchasers that becomes exercisable beginning on the date that is six months from the date of transfer and remains exercisable for the three-month period thereafter pursuant to which each and any of the purchasers may require the Reporting Person to purchase back from the purchasers the shares not yet disposed by the purchasers at $0.55 per share. Under certain events, the purchasers may require the Reporting Person to purchase back the shares earlier, beginning on February 28, 2011. First Jet Investments Limited is the wholly owned subsidiary of Gaotime Corporation Limited as of September 1, 2010, (Continued in Footnote 2)
  2. after Mr. Jun Tang transferred 100% of the equity interest in First Jet Investments Limited to Gaotime Corporation Limited, which was owned by Mr. Jun Tang and Wing Lun (Alan) Leung in the amounts of approximately 72% and 11%, respectively, as of such transfer. On December 15, 2010, Mr. Leung transferred his 11% interest in Gaotime to Mr. Tang, resulting in Mr. Tang owning 83% of Gaotime. Mr. Tang is the Chairman of the Board of Directors of the Issuer and Mr. Leung is the Chief Executive Officer of the Issuer. Mr. Leung and Mr. Tang are each also a director of Gaotime Corporation Limited. Due to Mr. Tang's ownership interest in Gaotime and position, he may be deemed to be a beneficial owner of the shares of the Issuer held by First Jet Investments Limited. Mr. Tang disclaims beneficial ownership of the shares of the Issuer held by First Jet Investments Limited except to the extent of his pecuniary interest.