Chan Heng Fai Ambrose - 23 Jul 2021 Form 4/A - Amendment Insider Report for OptimumBank Holdings, Inc. (OPHC)

Role
Director
Signature
/s/ Heng Fai Ambrose Chan
Issuer symbol
OPHC
Transactions as of
23 Jul 2021
Net transactions value
+$1,200,104
Form type
4/A - Amendment
Filing time
27 Jul 2021, 16:32:29 UTC
Date Of Original Report
02 Apr 2021
Previous filing
20 Jul 2021
Next filing
16 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPHC Common Stock Purchase +282,377 +304% 375,357 23 Jul 2021 See Footnote F1, F2
holding OPHC Common Stock 20,400 23 Jul 2021 Direct
holding OPHC Common Stock 243 23 Jul 2021 See Footnote F3

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 OPHC Capital securities Purchase $1,200,104 +847 $1416.67 847 23 Jul 2021 Common Stock 282,377 See Footnote F1, F2
transaction OPHC Capital securities Conversion of derivative security -847 -100% 0 23 Jul 2021 Common Stock 282,377 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 American Pacific Bancorp., Inc. purchased 282,377 shares of the common stock of OptimumBank Holdings, Inc. in a two part transaction. First, American Pacific Bancorp., Inc. purchased 847.13 Capital Securities issued by Optimum Bank Holdings Capital Trust I, a statutory trust (the "Trust Preferred Securities") for $1,200,102.25. Optimumbank Holdings, Inc. is the sponsor of the Optimum Bank Holdings Capital Trust I. American Pacific Bancorp., Inc. then exchanged these 847.13 Trust Preferred Securities for 282,377 shares of the common stock OptimumBank Holdings, Inc. Accordingly, the consideration paid for these 282,377 shares of the common stock of OptimumBank Holdings, Inc. was equal to $4.25 per share.
F2 Held by American Pacific Bancorp., Inc. The Reporting Person is the Chairman and Chief Executive Officer, and personally and through an entity, is the majority shareholder of Alset EHome International Inc., which is the majority shareholder of American Pacific Bancorp., Inc. The Reporting Person has dispositive control over these securities.
F3 Held by Heng Fai Holdings Limited, an entity of which the Reporting Person is the sole owner. The Reporting Person has dispositive control over these securities.

Remarks:

All transactions herein reflected were originally reported and filed with the Commission on Form 4 on April 2, 2021. However, it was subsequently determined that such transaction should be deemed to have occurred effective as of July 23, 2021 instead of March 31, 2021, and accordingly the Form 4 dated as of April 2, 2021 is hereby amended to reflect July 23, 2021 as the effective date. The purchase price and number of shares remains unchanged.