Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Cellular Biomedicine Group, Inc.
(Name of Issuer)
Common Stock, par value of $0.001 per share
(Title of Class of Securities)
15117P102
(CUSIP Number)
CHEN JIE
Room2105-07, 21/F, Man Yee Building,
68 Des Voeux Road Central,
Central, Hong Kong
+852-3892-2718
With a copy to:
Nixon Peabody CWL
5th Floor, Standard Chartered Bank Building,
4-4A Des Voeux Road Central,
Hong Kong
Attention: David Cheng
+852-2521-0880
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
January 28, 2020
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
(Page 1 of 4 Pages)
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* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 15117P102 |
SCHEDULE 13D/A |
Page 2 of 4 Pages |
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1. |
NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Dangdai International Group Co., Limited |
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2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a)☐ (b)☑ |
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3. |
SEC USE ONLY |
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4. |
SOURCE OF FUNDS
OO |
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5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |
☐
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6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
Hong Kong |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
7. |
SOLE VOTING POWER
2,270,000 shares of Common Stock** |
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8. |
SHARED VOTING POWER
0 |
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9. |
SOLE DISPOSITIVE POWER
2,270,000 shares of Common Stock** |
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10. |
SHARED DISPOSITIVE POWER
0 |
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11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,270,000 shares of Common Stock** |
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12. |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
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13. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.8%** |
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14. |
TYPE OF REPORTING PERSON
CO |
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** See Item 5.
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CUSIP No. 15117P102 |
SCHEDULE 13D/A |
Page 3 of 4 Pages |
Explanatory Note
This Amendment No. 3 to Schedule 13D (this “Amendment”), amends and supplements the Schedule 13D (the “Schedule 13D”) filed on June 23, 2016, as amended by the Amendment No. 1 to Schedule 13D ( “Amendment No. 1”) filed on December 10, 2018 and the Amendment No. 2 to Schedule 13D ( “Amendment No. 2”) filed on November 18, 2019 on behalf of Dangdai International Group Co., Limited as set forth therein with respect to beneficial ownership of the common stock, par value $0.001 per share (the “Common Stock”) of Cellular Biomedicine Group, Inc. (the “Issuer”).
Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D, Amendment No. 1 and Amendment No. 2. All capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed thereto in the Schedule 13D, as previously amended.
Item 5. Interest in Securities of the Issuer
Item 5(b) of Amendment No. 2 is hereby amended and restated in its entirety as follows:
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(b) |
See rows (7) through (10) of the cover pages to this Schedule 13D for the number of shares of Common Stock as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. |
Because of the arrangements in the Consortium Agreement and the Adherence Agreements, the Reporting Person and the other members of the Buyer Consortium that beneficially own Common Stock may be deemed to have formed a "group" for purposes of Section 13(d)(3) of the Act. Collectively, the "group" may be deemed to beneficially own an aggregate of 5,062,978 shares of outstanding Common Stock (including an aggregate of 811,000 shares of Common Stock issuable upon the exercise of options, 58,001 shares of Common Stock issuable upon the vesting of restricted stock units and 358,974 shares of Common Stock issuable upon the conversion of convertible notes held by members of the Buyer Consortium), which represents approximately 24.7% of the total shares of outstanding Common Stock (accounting for all Common Stock that would be outstanding upon exercise of all of the foregoing options, vesting of the foregoing restricted stock units and conversion of the foregoing convertible notes). Neither the filing of this Schedule 13D nor any of its contents, however, shall be deemed to constitute an admission by the Reporting Person that it is the beneficial owner of any shares of Common Stock beneficially owned by any other member of the Buyer Consortium and any of his, her or their respective affiliates for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed.
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CUSIP No. 15117P102 |
SCHEDULE 13D/A |
Page 4 of 4 Pages |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: January 31, 2020
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Dangdai International Group Co., Limited
/s/ Jie Chen Name: Jie Chen Title: Executive Vice President |