Sec Form 3 Filing - Brenza Karl @ Jerash Holdings (US), Inc. - 2018-09-12

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
Brenza Karl
2. Issuer Name and Ticker or Trading Symbol
Jerash Holdings (US), Inc. [ JRSH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Head of U.S. Operations
(Last) (First) (Middle)
JERASH HOLDINGS (US), INC., 147 W. 35TH STREET, ROOM #1603
3. Date of Earliest Transaction (MM/DD/YY)
09/12/2018
(Street)
NEW YORK, NY10001
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 306,500 I By Dayspring Capital, LLC ( 1 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 6.12 ( 2 ) 08/03/2028 Common Stock 100,000 D
Warrant (Right to Buy) $ 6.25 05/15/2017 05/15/2022 Common Stock 5,000 D
Warrant (Right to Buy) $ 5.5 07/15/2017 05/15/2022 Units ( 3 ) 23,643 D
Warrant (Right to Buy) $ 5.5 10/18/2017 08/18/2022 Units ( 3 ) 7,487 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Brenza Karl
JERASH HOLDINGS (US), INC.
147 W. 35TH STREET, ROOM #1603
NEW YORK, NY10001
Head of U.S. Operations
Signatures
/s/ Karl Brenza 09/17/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. Brenza is the Managing Member of Dayspring Capital, LLC.
( 2 )This option was granted to Mr. Brenza under the Company's 2018 Stock Incentive Plan and vests in three equal installments on 8/3/2018, 2/3/2019, and 8/3/2019, provided that Mr. Brenza is serving as Head of U.S. Operations on each vesting date.
( 3 )Units consist of one share of common stock and one warrant (with each warrant being immediately exercisable for one-tenth of one share of common stock at an exercise price of $6.25 per share for a period of five years from the issuance date).

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).

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