Chan Heng Fai Ambrose - 12 May 2021 Form 4 Insider Report for Alset EHome International Inc. (AEI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Chan Heng Fai
Issuer symbol
AEI
Transactions as of
12 May 2021
Net transactions value
$0
Form type
4
Filing time
14 May 2021, 21:35:02 UTC
Next filing
27 May 2021
SEC
View on sec.gov

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 B Convertible Preferred Stock Other +2,132 2,132 12 May 2021 Common Stock 2,132,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person exchanged $13,000,000 in principal amount under a convertible promissory note for 2,132 shares of the Issuer's Series B Convertible Preferred Stock.
F2 On the date on which an amendment to the Issuer's Certificate of Incorporation, as amended, to increase the Issuer's authorized shares of Common Stock to at least 250,000,000 shares has been filed with the Secretary of State of the State of Delaware, each share of Series B Convertible Preferred Stock shall convert automatically into 1,000 shares of the Issuer's Common Stock.