1. Name and Address of Reporting Person * |
Â
Zhang Xiaoxiong |
|
2. Date of Event Requiring Statement (Month/Day/Year) 02/27/2008 |
3. Issuer Name and Ticker or Trading Symbol SUPERCONDUCTOR TECHNOLOGIES INC [SCON]
|
3F, BLOCK B, TONGFANG INFORMATION HARBOR, 11 LANGSHAN RD., HI-TECH INDUSTRIAL PARK |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director |
__X__ 10% Owner |
_____ Officer (give title below) |
_____ Other (specify below) |
|
|
5. If Amendment, Date Original Filed(Month/Day/Year)
|
NANSHAN DISTRICT, SHENZHEN,, F4 518057 |
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
|
Table I - Non-Derivative Securities Beneficially Owned |
|
1.Title of Security (Instr. 4) |
2. Amount of Securities Beneficially Owned (Instr. 4) |
3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) |
4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock
|
2,148,296
|
I
|
See Footnote
(1)
|
Common Stock
|
353,065
|
I
|
See Footnote
(2)
|
Common Stock
|
600,000
|
I
|
See Footnote
(3)
|
|
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) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Series A Convertible Preferred Stock
|
Â
(4)
|
Â
(4)
|
Common Stock
|
3,873,210
|
$
(4)
|
I
|
See Footnote
(1)
|
Series A Convertible Preferred Stock
|
Â
(4)
|
Â
(4)
|
Common Stock
|
1,642,020
|
$
(4)
|
I
|
See Footnote
(2)
|
Series A Convertible Preferred Stock
|
Â
(4)
|
Â
(4)
|
Common Stock
|
600,000
|
$
(4)
|
I
|
See Footnote
(3)
|
* |
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) |
These securities are owned directly by Hunchun Baoli Communication Co., Ltd., which is a wholly owned subsidiary of China
Poly Group Ltd. Mr. Xiaoxiong Zhang is the controlling shareholder of China Poly Group Ltd. and has voting and dispositive
power with respect to the securities. |
(2) |
These securities are owned directly by China Poly Group Ltd. Mr. Xiaoxiong Zhang is the controlling shareholder of China Poly
Group Ltd. and has voting and dispositive power with respect to the securities. |
(3) |
These securities are owned directly by Baoli Investment Group Ltd. Pursuant to an understanding between Baoli Investment
Group Ltd. and Mr. Xiaoxiong Zhang, Mr. Zhang has shared voting and dispositive power with respect to the securities. Mr.
Zhang disclaims beneficial ownership of these securities. |
(4) |
The preferred stock is convertible at any time, at the respective holder's election, and has no expiration date; provided,
however, the holder cannot convert such that after the conversion of the holder, nor any "group" (within the meaning of
Section 13(d) of the Exchange Act) of which such holder is or is deemed to be a part, beneficially owns more that 9.9% of
the issuer's outstanding common stock. Each share of the preferred stock is convertible into such number of shares of common
stock as determined by dividing $16.275 by the conversion price in effect on that date of conversion. As of the issuance
date of the preferred stock, the conversion price is $1.6275 and is subject to customary adjustment. The preferred stock is
non-voting, except as required by applicable law. |