Heng Fai Ambrose Chan - Jun 14, 2021 Form 4 Insider Report for Alset EHome International Inc. (AEI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Chan Heng Fai
Stock symbol
AEI
Transactions as of
Jun 14, 2021
Transactions value $
$51,226,570
Form type
4
Date filed
6/15/2021, 04:44 PM
Previous filing
Jun 9, 2021
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEI Common Stock Other $0 +6.38M +1230.83% $0.00 6.9M Jun 14, 2021 Through HFE Holdings Limited F1, F2
transaction AEI Common Stock Other $0 +2.13M +30.91% $0.00 9.03M Jun 14, 2021 Direct F3
transaction AEI Common Stock Conversion of derivative security $15.5M +2.77M +30.68% $5.59 11.8M Jun 14, 2021 Direct F4
transaction AEI Common Stock Conversion of derivative security $28.8M +5.15M +43.66% $5.59 17M Jun 14, 2021 Direct F5
transaction AEI Common Stock Conversion of derivative security $174K +31.2K +0.18% $5.59 17M Jun 14, 2021 Direct F6
transaction AEI Common Stock Conversion of derivative security $6.76M +1.21M +7.12% $5.59 18.2M Jun 14, 2021 Direct F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AEI Series A Convertible Preferred Stock Other -6.38K -100% 0 Jun 14, 2021 Common Stock 6.38M Through HFE Holdings Limited F1, F2
transaction AEI Series B Convertible Preferred Stock Other -2.13K -100% 0 Jun 14, 2021 Common Stock 2.13M Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 6,380 shares of Series A Convertible Preferred Stock held by the reporting person automatically converted into 6,380,000 shares of common stock upon an increase in the authorized common stock of Alset EHome International Inc., pursuant to the terms of the Certificate of Designations, Preferences and Rights of the Series A Convertible Preferred Stock.
F2 These shares of common stock are owned directly by HFE Holdings Limited. Chan Heng Fai, the Chairman of the Board and Chief Executive Officer of Alset EHome International Inc., also indirectly beneficially owns all shares owned by HFE Holdings Limited. Mr. Chan has voting and investment power with respect to such shares.
F3 2,132 shares of Series B Convertible Preferred Stock held by the reporting person automatically converted into 2,132,000 shares of common stock upon an increase in the authorized common stock of Alset EHome International Inc., pursuant to the terms of the Certificate of Designations, Preferences and Rights of the Series B Convertible Preferred Stock.
F4 On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $15,487,265 into 2,770,531 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share.
F5 On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $28,800,721 into 5,152,186 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share.
F6 On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $174,288 into 31,179 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share.
F7 On June 14, 2021, the reporting person converted a note with an outstanding balance in the amount of $6,764,291 into 1,210,070 shares of the common stock of Alset EHome International Inc. at a conversion price of $5.59 per share.