UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Bai Xiaofan 28C, 500 ZHANGYANG ROAD SHANGHAI, CHINA, F4 200120 |
 X |  X |  |  |
/s/ Xiaofan Bai | 03/31/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Allied Fortune (HK) Management Limited, a British Virgin Islands company ("Allied"), provides management services for King Apex Group Holdings II Limited, a company formed under the laws of the British Virgin Islands ("King Apex II"), and King Apex Group Holdings III Limited, a company formed under the laws of the British Virgin Islands ("King Apex III"). Allied is also a partial owner of King Apex II and King Apex III. Mr. Xiaofan Bai is the owner, Chief Executive Officer and Chairman of Allied. |
(2) | On September 27, 2013, King Apex II acquired 25,000,000 shares of common stock (the "Common Stock") of Reven Housing REIT, Inc. (the "Issuer") and King Apex III acquired 30,000,000 shares of Common Stock. The voting and dispositive control over the shares is shared by owners of, respectively, King Apex II and King Apex III, none of whom has veto power. |
(3) | Pursuant to a Voting Agreement among the Issuer, King Apex II, King Apex III and Chad Carpenter, the Issuer's Chairman, Chief Executive Officer and significant shareholder, King Apex II and King Apex III have nominated Messrs. Xiaofan Bai, Guojuan Chen, Siyu Lan and Xiaohang Bai for the Issuer's Board of Directors and such persons have been appointed to the Issuer's Board of Directors to be effective upon 10 days after the filing by the Issuer of a Schedule 14F-1 regarding the change in a majority of the Issuer's Board of Directors. |
 Remarks: Mr. Bai disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein, and the filing of this report is not an admission that he is the beneficial owner of these shares for purposes of Section 16 or for any other purpose. |