Filing Details

Accession Number:
0001383838-20-000004
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-03-20 12:57:28
Reporting Period:
2020-03-19
Accepted Time:
2020-03-20 12:57:28
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1417892 Renesola Ltd SOL () NC
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1383838 Management Capital Shah 8601 Six Forks Road
Suite 630
Raleigh NC 27615
Cfo Yes 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 2020-03-19 1,213,500 $1.02 133,763,500 No 4 P Indirect See Footnote 2
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote 2
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 6,041,790 Indirect See Footnote 3
Common Stock 473,700 Direct
Footnotes
  1. This transaction was done in Shah Capital Opportunity Fund LP (the "Fund") account in ADR shares.Ordinary shares of no par value, American Depositary Shares, each representing 10 ordinary shares
  2. Represents shares of Common Stock owned by the Fund of which Mr. Himanshu H. Shah owns some interest, which could be deemed to be owned beneficially by (1) Shah Capital Management (SCM) solely as a result of discretionary power over such shares as investment adviser to the Fund and (ii) Shah Capital LLC as a General Partner to the Fund
  3. Ordinary shares of no par value, American Depositary Shares each representing 10 Ordinary SharesRepresents shares of common stock deemed to be owned beneficially by SCM solely as a result of its discretionary power over such shares as investment adviser to its Separately Managed Accounts
  4. Represents shares held directly by Mr. Shah. Mr. Shah is the President of SCM and Managing Member of Shah Capital LLC and holds a controlling percentage of the outstanding voting securities of both entities. As a result of his position with and ownership of these entities, he could be deemed the beneficiary of the shares beneficially owned by Shah Capital LLC on behalf of the Fund and SCM for other separate account clients and those held by the Fund. Mr. Shah disclaims beneficial ownership owned by SCM and the Fund except to the extent of his pecuniary interest in such shares.
  5. 1 ADR was bought at $1.02 on 3/19/2020; So, value of 1 share is $.102