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

Reporting relationship: Director
Issuer ticker: OPHC
Reported as of: 23 Jul 2021
Net transaction value: +$1,200,104
SEC form: 4/A - Amendment
Accepted by SEC: 27 Jul 2021, 16:32:29 UTC
Original report date: 02 Apr 2021
Prior SEC filing: 20 Jul 2021
Next SEC filing: 16 Aug 2021
Source filing: View source filing
Reporting owner signature: /s/ Heng Fai Ambrose Chan

Key filing fact

Heng Fai Ambrose Chan filed Form 4/A - Amendment for OptimumBank Holdings, Inc. (OPHC) on 27 Jul 2021.

Key facts

This page summarizes Heng Fai Ambrose Chan's Form 4/A - Amendment filing for OptimumBank Holdings, Inc. (OPHC).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 27 Jul 2021, 16:32.

Change

Previous filing in this sequence was filed on 20 Jul 2021.
Current net transaction value: +$1,200,104.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4/A - Amendment disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OPHC transaction

Common Stock

Purchase

Transaction value
Shares: +282,377
Change %: +304%
Price
Shares after: 375,357
Date: 23 Jul 2021
Ownership: See Footnote
Footnotes: F1, F2

OPHC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 20,400
Date: 23 Jul 2021
Ownership: Direct

OPHC holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 243
Date: 23 Jul 2021
Ownership: See Footnote
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OPHC transaction Derivative

Capital securities

Purchase

Transaction value: $1,200,104
Shares: +847
Change %
Price: $1416.67
Shares after: 847
Date: 23 Jul 2021
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 282,377
Exercise price
Footnotes: F1, F2

OPHC transaction Derivative

Capital securities

Conversion of derivative security

Transaction value
Shares: -847
Change %: -100%
Price
Shares after: 0
Date: 23 Jul 2021
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 282,377
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

SEC 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.