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Filing Details

Accession Number:
0001144204-10-047640
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-08-31 21:17:26
Reporting Period:
2010-06-21
Filing Date:
2010-08-31
Accepted Time:
2010-08-31 21:17:26
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1421525 China Intelligent Lighting & Electronics Inc. CIL Electric Lighting & Wiring Equipment (3640) 261357819
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1283175 Richard Rappaport 1900 Avenue Of The Stars
Suite 310
Los Angeles CA 90067
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 Acquisiton 2010-06-21 9,500 $2.93 156,380 No 4 P Direct
Common Stock Acquisiton 2010-06-22 1,000 $2.89 157,380 No 4 P Direct
Common Stock Acquisiton 2010-06-22 3,500 $2.91 160,880 No 4 P Direct
Common Stock Acquisiton 2010-06-22 152,910 $2.89 313,790 No 4 P Direct
Common Stock Acquisiton 2010-06-23 5,500 $2.89 319,290 No 4 P Direct
Common Stock Acquisiton 2010-06-24 6,500 $2.97 325,790 No 4 P Direct
Common Stock Acquisiton 2010-06-25 500 $3.25 326,290 No 4 P Direct
Common Stock Acquisiton 2010-07-07 400 $2.73 326,690 No 4 P Direct
Common Stock Disposition 2010-08-13 1,900 $3.41 324,790 No 4 S Direct
Common Stock Disposition 2010-08-13 100 $3.45 324,690 No 4 S Direct
Common Stock Disposition 2010-08-13 2,000 $3.45 322,690 No 4 S Direct
Common Stock Disposition 2010-08-13 2,000 $3.22 320,690 No 4 S Direct
Common Stock Disposition 2010-08-13 2,000 $3.21 318,690 No 4 S Direct
Common Stock Disposition 2010-08-13 2,000 $3.20 316,690 No 4 S Direct
Common Stock Acquisiton 2010-08-13 46,453 $0.00 363,143 No 4 X Direct
Common Stock Acquisiton 2010-08-13 13,065 $0.00 54,375 No 4 X Indirect By the Amanda Rappaport Trust
Common Stock Acquisiton 2010-08-13 13,065 $0.00 54,375 No 4 X Indirect By the Kailey Rappaport Trust
Common Stock Acquisiton 2010-08-13 263,481 $0.00 1,122,327 No 4 X Indirect By WestPark Capital Financial Services, LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 X Direct
No 4 X Indirect By the Amanda Rappaport Trust
No 4 X Indirect By the Kailey Rappaport Trust
No 4 X Indirect By WestPark Capital Financial Services, LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock WARRANT (RIGHT TO BUY) Acquisiton 2010-06-23 67,000 $0.00 67,000 $0.00
Common Stock WARRANT (RIGHT TO BUY) Disposition 2010-06-23 350,000 $0.00 350,000 $0.00
Common Stock WARRANT (RIGHT TO BUY) Disposition 2010-08-13 46,457 $0.00 46,457 $0.00
Common Stock WARRANT (RIGHT TO BUY) Disposition 2010-08-13 13,066 $0.00 13,066 $0.00
Common Stock WARRANT (RIGHT TO BUY) Disposition 2010-08-13 13,066 $0.00 13,066 $0.00
Common Stock WARRANT (RIGHT TO BUY) Disposition 2010-08-13 263,500 $0.00 263,500 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
680,500 2011-06-23 2015-06-17 No 4 J Indirect
330,500 2007-10-11 2015-01-15 No 4 J Indirect
0 2007-10-11 2015-01-15 No 4 X Direct
0 2007-10-11 2015-01-15 No 4 X Indirect
0 2007-10-11 2015-01-15 No 4 X Indirect
67,000 2007-10-11 2015-01-15 No 4 X Indirect
Footnotes
  1. The reporting person's sale of issuer's common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 10,000 shares, with the reporting person's purchase of 400 shares of CIL common stock at a price of $2.73 per share on July 7, 2010, 1,000 shares of CIL common stock at a price of $2.89 on June 22, 2010 and 8,600 shares of CIL common stock at a price of $2.8902 per share. The reporting person has agreed to pay to CIL, $3,623, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.
  2. The number of shares of common stock reflects a 1-for-2 reverse stock split (the "Reverse Stock Split") effective as of May 12, 2010.
  3. Mr. Rappaport, who held warrants to purchase 46,457 shares of common stock, exercised his warrants on 08/13/2010. An aggregate of 46,453 shares were issued pursuant to a cashless exercise of these warrants, which increased the number of shares of common stock beneficially owned by Mr. Rappaport from 316,690 shares to 363,143 shares.
  4. Consists of 13,065 shares of common stock owned by the Amanda Rappaport Trust (the "Amanda Trust"). Mr. Rappaport, as Trustee of the Amanda Trust, may be deemed the indirect beneficial owner of these shares of common stock since he has sole voting and investment control over the shares. The Amanda Trust, which held warrants to purchase 13,066 shares of common stock, exercised its warrants on 08/13/2010. An aggregate of 13,065 shares were issued pursuant to a cashless exercise of these warrants, which increased the number of shares of common stock beneficially owned by the Amanda Trust from 41,310 shares to 54,375 shares.
  5. Consists of 13,065 shares of common stock owned by the Kailey Rappaport Trust (the "Kailey Trust"). Mr. Rappaport, as Trustee of the Kailey Trust, may be deemed the indirect beneficial owner of these shares of common stock since he has sole voting and investment control over the shares. The Kailey Trust, which held warrants to purchase 13,066 shares of common stock, exercised its warrants on 08/13/2010. An aggregate of 13,065 shares were issued pursuant to a cashless exercise of these warrants, which increased the number of shares of common stock beneficially owned by the Kailey Trust from 41,310 shares to 54,375 shares.
  6. Consists of 263,481 shares of common stock owned by WestPark Capital Financial Services, LLC ("WestPark LLC"). Mr. Rappaport, as Chief Executive Officer ("CEO") and Chairman of WestPark LLC, may be deemed the indirect beneficial owner of these shares of common stock since he has sole voting and investment control over the shares. WestPark LLC, which held warrants to purchase 263,500 shares of common stock, exercised its warrants on 08/13/2010. An aggregate of 263,481 shares were issued pursuant to a cashless exercise of these warrants, which increased the number of shares of common stock beneficially owned by WestPark LLC from 858,846 shares to 1,122,327 shares.
  7. Consists of warrants to purchase 67,000 shares of common stock owned by WestPark LLC. Mr. Rappaport, as CEO and Chairman of WestPark LLC, may be deemed the indirect beneficial owner of these securities since he has sole voting and investment control over the securities. In connection with the closing of the public offering, as reported in the Registration Statement on Form S-1 filed with the SEC on June 16, 2010, WestPark LLC received warrants to purchase 67,000 shares, which increased the number of Warrant Shares beneficially owned by WestPark LLC from 613,500 Warrant Shares to 680,500 Warrant Shares.
  8. Consists of warrants to purchase 350,000 shares of common stock owned by WestPark LLC. Mr. Rappaport, as CEO and Chairman of WestPark LLC, may be deemed the indirect beneficial owner of these securities since he has sole voting and investment control over the securities In connection with the closing of the public offering, as reported in the Registration Statement on Form S-1 filed with the SEC on June 16, 2010, Mr. Rappaport canceled warrants to purchase 350,000 shares owned by WestPark LLC which decreased the number of Warrant Shares beneficially owned by WestPark LLC from 680,500 Warrant Shares to 330,500 Warrant Shares. Neither Mr. Rappaport nor WestPark LLC received any cash consideration for the cancellation of the warrant.
  9. The warrant expires on or prior to the close of business on 1/15/2015, which is five years from the date the Issuer consummates a merger or other business combination with an operating business or any other event pursuant to which the Issuer ceases to be a "shell company," as defined by Rule 12b-2 under the Securities Exchange Act of 1934 and a "blank check company," as defined by Rule 419 of the Securities Act of 1933.