AI assistant
VISTEON CORP — Major Shareholding Notification 2010
Mar 17, 2010
31294_mrq_2010-03-17_186ea4ce-dd9e-4096-9ec4-ae09341c68b1.zip
Major Shareholding Notification
Open in viewerOpens in your device viewer
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Under the Securities Exchange Act of 1934 (Amendment No. 10) Visteon Corporation* (Name of Issuer) Common Stock, par value $1.00 per share (Title of Class of Securities) 92839U107 (CUSIP Number) Mr. Patrick Li 3283 West 34 th Avenue Vancouver, British Columbia, Canada (604) 537-7721 Occupation: Businessman Principle Business: Modern International Holdings 3283 West 34 th Avenue Vancouver, British Columbia, Canada V6N 2K4 (604) 637-7721 With a copy to: Charles Rendina, Esq. Boughton Law Corp. 700-595 Burrard Street PO Box 49290 Vancouver, British Columbia Canada V7X 1S8 (604) 605-8339 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
$$/page=
- 2 -
Has Patrick Li, during the last five years, been convicted of a criminal proceeding?
No
Has Patrick Li, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, U.S. federal or state securities laws or finding any violation with respect to such laws?
No
March 3,2010
(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ]
- The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
$$/page=
CUSIP NO. 92839U107 SCHEDULE 13D PAGE 2 OF 5 PAGES
| 1 | NAME OF REPORTING PERSON | |
|---|---|---|
| I.R.S. IDENTIFICATION NOS. OF ABOVE | ||
| PERSONS (ENTITIES ONLY) | ||
| Patrick Li | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER | |
| OF A GROUP* | (a) [ ] | |
| (b) [ ] | ||
| Not Applicable | ||
| 3 | SEC USE ONLY | |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| Canada | ||
| 7 | SOLE VOTING POWER | |
| -0- | ||
| NUMBER OF | 8 | SHARED VOTING POWER |
| SHARES | ||
| BENEFICIALLY | -0- | |
| Mei Qin has sole voting power over | ||
| 3,095,337.5 | ||
| He Yi has Sole voting power over | ||
| 3,095,337.5 | ||
| OWNED BY | 9 | SOLE DISPOSITIVE POWER |
| EACH | ||
| REPORTING | 6,190,675 | |
| PERSON WITH | ||
| 10 | SHARED DISPOSITIVE POWER | |
| -0- | ||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED | |
| BY EACH REPORTING PERSON | ||
| - 0- | ||
| 12 | CHECK IF THE AGGREGATE AMOUNT IN ROW | |
| (11) EXCLUDES | ||
| CERTAIN SHARES* | ||
| [ ] | ||
| 13 | PERCENT OF CLASS REPRESENTED BY | |
| AMOUNT IN ROW (11) | ||
| 4.75 aprox | ||
| 14 | TYPE OF REPORTING PERSON* | |
| IN | ||
| * | ||
| SEE INSTRUCTIONS BEFORE FILLING OUT! |
$$/page=
$$/page=
CUSIP NO. 92839U107 SCHEDULE 13D PAGE 3 OF 5 PAGES
This Schedule 13D filed on March _17, 2010 by Patrick Li, relating to the shares of common stock, $1.00 par value (the "Shares"), of Visteon Corporation (the "Issuer").
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 4 is hereby amended and restated as follows:
All of the funds used to purchase the Shares described in this Schedule 13D came from the personal funds of the Mei Qin and He Yi a total of approximately $_______ was paid to acquire such Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5,
(a) The Reporting Person directly owns 6,190,675 Shares, constituting approximately 4.75 of the Shares outstanding.
The aggregate percentage of Shares directly owns by the Reporting Person is based upon 130,400, 000 Shares outstanding, which is the total number of Shares outstanding as of September 9th, 2009 as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 29, 2009.
(b) Mei Qui and He Yi each possess sole power to vote 3,095,337.5 shares. The reporting person has discretion to direct the disposition of 6,190,675 of those shares. The Reporting Person directly owns 4.75 of the deemed issued and outstanding as of March 3, 2010.
(c) The Information concerning transactions in the Shares directly owned by the reporting person is set forth in Schedule A hereto and is incorporated by reference. Unless otherwise indicated, all of such transactions were effected in the open market.
CUSIP NO. 92839U107 SCHEDULE 13D PAGE 4 OF 5 PAGES
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Dated: March 17, 2010 |
|---|
| /s/ Patrick Li |
| Patrick Li |
$$/page=
$$/page=
CUSIP NO. 92839U107 SCHEDULE 13D PAGE 5 OF 5 PAGES
SCHEDULE A
$$/page=
| Date | Activity | Quantity | Description | Price — ($) | Charged — ($) | Credited — ($) | Account — Balance |
|---|---|---|---|---|---|---|---|
| 5-Oct | Balance | 119,846.82 | |||||
| 7-Oct | Buy | 2 | VISTEON CORP | 0.161 | 7.32 | 119,839.50 | |
| 7-Oct | Buy | 25,000 | VISTEON CORP | 0.166 | 0.00 | 119,839,50 | |
| 7-Oct | Buy | 40,000 | VISTEON CORP | 0.166 | 0.00 | 119,839,50 | |
| 7-Oct | Buy | 35,000 | VISTEON CORP YL*2414 | 0.166 | 16607.00 | 103,232.50 | |
| 8-Oct | Sell | -5,213 | VISTEON CORP | 0.174 | 0.00 | 103,232.50 | |
| 8-Oct | Sell | -7,000 | VISTEON CORP | 0.174 | 0.00 | 103,232.50 | |
| 8-Oct | Sell | -800 | VISTEON CORP | 0.174 | 2257.20 | 105,489.70 | |
| 9-Oct | Buy | 134 | VISTEON CORP | 0.161 | 0.00 | 105,489.70 | |
| 9-Oct | Buy | 2,600 | VISTEON CORP | 0.161 | 0.00 | 105,489.70 | |
| VISTEON CORP | |||||||
| 9-Oct | Buy | 7,000 | 0.161 | 0.00 | 105,489.70 | ||
| 9-Oct | Buy | 50,000 | VISTEON CORP TO*3692 | 0.161 | 9624.19 | 95,865.51 | |
| 21-Oct | Buy | 3,490 | VISTEON CORP EV*4638 | 0.172 | 0.00 | 95,865.51 | |
| 21-Oct | Buy | 5,000 | VISTEON CORP | 0.175 | 2829.75 | 93,035.76 | |
| 21-Oct | Buy | 11,130 | VISTEON CORP VE*4663 | 0.175 | 0.00 | 93,035.76 | |
| 21-Oct | Buy | 30,000 | VISTEON CORP RB*3985 | 0.179 | 5377.00 | 87,658.76 | |
| 22-Oct | Buy | 39 | VISTEON CORP | 0.156 | 0.00 | 87,658.76 | |
| 22-Oct | Buy | 302 | VISTEON CORP | 0.151 | 0.00 | 87,658.76 | |
| 22-Oct | Buy | 10,000 | VISTEON CORP | 0.158 | 0.00 | 87,658.76 | |
| 22-Oct | Buy | 40,000 | VISTEON CORP | 0.156 | 0.00 | 87,658.76 | |
| 22-Oct | Buy | 5,000 | VISTEON CORP PH*4762 | 0.156 | 8638.68 | 79,020.08 |
$$/page=
| Date | Activity | Quantity | Description | Price — ($) | Charged — ($) | Credited — ($) | Account — Balance |
|---|---|---|---|---|---|---|---|
| 22-Oct | Buy | 19,659 | VISTEON CORP | 0.156 | 0.00 | 79,020.08 | |
| 22-Oct | Buy | 25,000 | VISTEON CORP PH*4762 | 0.156 | 6966.80 | 72,053.28 | |
| 27-Oct | Buy | 13 | VISTEON CORP | 0.155 | 0.00 | 72,053.28 | |
| 27-Oct | Buy | 13 | VISTEON CORP | 0.156 | 0.00 | 72,053.28 | |
| 27-Oct | Buy | 8,000 | VISTEON CORP | 0.156 | 0.00 | 72,053.28 | |
| 27-Oct | Buy | 1,000 | VISTEON CORP | 0.156 | 1415.05 | 70,638.23 | |
| 2-Nov | Buy | 100,000 | VISTEON CORP | 0.135 | 13507.00 | 57,131.23 | |
| 2-Nov | Buy | 49,500 | VISTEON CORP | 0.135 | 0.00 | 57,131.23 | |
| 2-Nov | Buy | 5,500 | VISTEON CORP | 0.135 | 7432.00 | 49,699.23 | |
| 2-Nov | Buy | 40,000 | VISTEON CORP | 0.145 | 0.00 | 49,699.23 | |
| 2-Nov | Buy | 10,000 | VISTEON CORP | 0.145 | 7257.00 | 42,442.23 | |
| 2-Nov | Buy | 5,000 | VISTEON CORP | 0.138 | 697.00 | 41,745.23 | |
| 6-Nov | Buy | 5,000 | VISTEON CORP | 0.130 | 0.00 | 41,745.23 | |
| 6-Nov | Buy | 15,000 | VISTEON CORP | 0.130 | 0.00 | 41,745.23 | |
| 6-Nov | Buy | 20,000 | VISTEON CORP | 0.130 | 0.00 | 41,745.23 | |
| 6-Nov | Buy | 30,000 | VISTEON CORP | 0.130 | 0.00 | 41,745.23 | |
| 6-Nov | Buy | 10,000 | VISTEON CORP | 0.130 | 10407.00 | 31,338.23 | |
| VISTEON CORP | |||||||
| 6-Nov | Buy | 20,000 | 0.130 | 0.00 | 31,338.23 | ||
| 6-Nov | Buy | 30,000 | VISTEON CORP | 0.130 | 0.00 | 31,338.23 | |
| 6-Nov | Buy | 50,000 | VISTEON CORP | 0.130 | 13007.00 | 18,331.23 | |
| 9-Nov | Buy | 5,000 | VISTEON CORP | 0.130 | 0.00 | 18,331.23 | |
| 9-Nov | Buy | 29,000 | VISTEON CORP | 0.135 | 0.00 | 18,331.23 | |
| 9-Nov | Buy | 56,000 | VISTEON CORP OL*6576 | 0.135 | 12132.00 | 6,199.23 | |
| 9-Nov | Buy | 161 | VISTEON CORP | 0.131 | 0.00 | 6,199.23 | |
| 9-Nov | Buy | 19,839 | VISTEON CORP | 0.131 | 0.00 | 6,199.23 | |
| 9-Nov | Buy | 25,000 | VISTEON CORP | 0.131 | 0.00 | 6,199.23 |
$$/page=
| Date | Activity | Quantity | Description | Price — ($) | Charged — ($) | Credited — ($) | Account — Balance |
|---|---|---|---|---|---|---|---|
| 9-Nov | Buy | 5,000 | VISTEON CORP LW*6062 | 0.131 | 6557.00 | -357.77 | |
| 10-Nov | Buy | 100 | VISTEON CORP | 0.129 | 0.00 | -357.77 | |
| 10-Nov | Buy | 15,590 | VISTEON CORP | 0.129 | 0.00 | -357.77 | |
| 10-Nov | Buy | 15,900 | VISTEON CORP | 0.129 | 0.00 | -357.77 | |
| 10-Nov | Buy | 50,000 | VISTEON CORP JK*6106 | 0.129 | 10532.11 | -10,889.88 | |
| 12-Nov | Buy | 50,000 | VISTEON CORP OE*7716 VISTEON CORP | 0.114 | 5707.00 | -16,596.88 | |
| 12-Nov | Buy | 6,375 | 0.115 | 0.00 | -16,596.88 | ||
| 12-Nov | Buy | 15,000 | VISTEON CORP | 0.115 | 0.00 | -16,596.88 | |
| 12-Nov | Buy | 47,000 | VISTEON CORP | 0.113 | 0.00 | -16,596.88 | |
| 12-Nov | Buy | 31,625 | VISTEON CORP VM*7317 | 0.115 | 11413.01 | -28,009.89 | |
| 16-Nov | Buy | 100,000 | VISTEON CORP SR*7155 | 0.084 | -28,009.89 | ||
| 1-Dec | Sell | -145,000 | VISTEON CORP | 0.068 | 0.00 | -28,009.89 | |
| 1-Dec | Sell | -5,000 | VISTEON CORP | 0.071 | 10207.73 | -17,802.16 | |
| 1-Dec | Sell | -5,000 | VISTEON CORP | 0.067 | 0.00 | -17,802.16 | |
| 1-Dec | Sell | -5,000 | VISTEON CORP | 0.065 | 0.00 | -17,802.16 | |
| 1-Dec | Sell | -50,000 | VISTEON CORP | 0.067 | 0.00 | -17,802.16 | |
| 1-Dec | Sell | -5,000 | VISTEON CORP | 0.067 | 4337.88 | -13,464.28 | |
| 1-Dec | Sell | -500,000 | VISTEON CORP | 0.067 | 33492.13 | 20,027.85 | |
| 1-Dec | Sell | -5,000 | VISTEON CORP | 0.075 | 367.99 | 20,395.84 | |
| 1-Dec | Sell | -250,000 | VISTEON CORP | 0.067 | 16742.56 | 37,138.40 | |
| 1-Dec | Sell | -150,000 | VISTEON CORP | 0.067 | 10042.74 | 47,181.14 | |
| 1-Dec | Sell | -140,000 | VISTEON CORP | 0.068 | 0.00 | 47,181.14 | |
| 1-Dec | Sell | -10,000 | VISTEON CORP | 0.068 | 10192.73 | 57,373.87 | |
| 1-Dec | Sell | -12,500 | VISTEON CORP | 0.070 | 0.00 | 57,373.87 |
$$/page=
| Date | Activity | Quantity | Description | Price — ($) | Charged — ($) | Credited — ($) | Account — Balance |
|---|---|---|---|---|---|---|---|
| 1-Dec | Sell | -100,000 | VISTEON CORP | 0.070 | 0.00 | 57,373.87 | |
| 1-Dec | Sell | -37,500 | VISTEON CORP | 0.070 | 10492.73 | 67,866.60 | |
| 2-Dec | Sell | -5,000 | VISTEON CORP | 0.070 | 0.00 | 67,866.60 | |
| 2-Dec | Sell | -5,000 | VISTEON CORP | 0.071 | 0.00 | 67,866.60 | |
| 2-Dec | Sell | -5,000 | VISTEON CORP | 0.068 | 0.00 | 67,866.60 | |
| 2-Dec | Sell | -13,200 | VISTEON CORP | 0.070 | 0.00 | 67,866.60 | |
| 2-Dec | Sell | -5,000 | VISTEON CORP | 0.072 | 2321.94 | 70,188.54 | |
| 2-Dec | Sell | -696,800 | VISTEON CORP | 0.065 | 45290.83 | 115,479.37 | |
| 3-Dec | Sell | -100 | VISTEON CORP | 0.065 | 0.00 | 115,479.37 | |
| 3-Dec | Sell | -5,000 | VISTEON CORP | 0.065 | 0.00 | 115,479.37 | |
| 3-Dec | Sell | -49,848 | VISTEON CORP | 0.065 | 0.00 | 115,479.37 | |
| 3-Dec | Sell | -5,000 | VISTEON CORP | 0.065 | 3889.51 | 119,368.88 | |
| 7-Dec | Sell | -5,000 | VISTEON CORP | 0.041 | 0.00 | 119,368.88 | |
| 7-Dec | Sell | -30,052 | VISTEON CORP | 0.041 | 0.00 | 119,368.88 | |
| 7-Dec | Sell | -45,000 | VISTEON CORP | 0.041 | 0.00 | 119,368.88 | |
| 7-Dec | Sell | -100,000 | VISTEON CORP | 0.041 | 0.00 | 119,368.88 | |
| 7-Dec | Sell | -5,000 | VISTEON CORP | 0.042 | 7585.93 | 126,954.81 | |
| 7-Dec | Sell | -55,000 | VISTEON CORP | 0.041 | 2254.94 | 129,209.75 | |
| 14-Jan | Buy | 5,000 | VISTEON CORP | 0.109 | 0.00 | 129,209.75 | |
| 14-Jan | Buy | 5,000 | VISTEON CORP | 0.107 | 0.00 | 129,209.75 | |
| 14-Jan | Buy | 5,000 | VISTEON CORP KI*2313 | 0.110 | 1642.49 | 127,567.26 | |
| 14-Jan | Buy | 3,200 | VISTEON CORP | 0.110 | 0.00 | 127,567.26 | |
| 14-Jan | Buy | 5,000 | VISTEON CORP | 0.111 | 0.00 | 127,567.26 | |
| 14-Jan | Buy | 9,500 | VISTEON CORP | 0.110 | 0.00 | 127,567.26 | |
| 14-Jan | Buy | 10,000 | VISTEON CORP | 0.111 | 0.00 | 127,567.26 | |
| 14-Jan | Buy | 5,000 | VISTEON CORP TV*3703 | 0.111 | 3626.99 | 131,194.25 | |
| 14-Jan | Buy | 67,300 | VISTEON CORP TV*3703 | 0.111 | 7470.30 | 123,723.95 |
$$/page=
| Date | Activity | Quantity | Description | Price — ($) | Credited — ($) | Account — Balance |
|---|---|---|---|---|---|---|
| 15-Jan | Sell | -5,000 | VISTEON CORP | 0.143 | 0.00 | 123723.95 |
| 15-Jan | Sell | -5,000 | VISTEON CORP | 0.143 | 0.00 | 123,723.95 |
| 15-Jan | Sell | -85,000 | VISTEON CORP | 0.143 | 0.00 | 123,723.95 |
| 15-Jan | Sell | -5,000 | VISTEON CORP NC*2934 | 0.143 | 14289.64 | 138,013.59 |
| 3-Mar | Sell | -3,000 | VISTEON CORP | 0.311 | 0.00 | 138,013.59 |
| 3-Mar | Sell | -20,000 | VISTEON CORP | 0.311 | 0.00 | 138,013.59 |
| 3-Mar | Sell | -20,000 | VISTEON CORP | 0.311 | 0.00 | 138,013.59 |
| 3-Mar | Sell | -20,000 | VISTEON CORP | 0.310 | 0.00 | 138,013.59 |
| 3-Mar | Sell | -3,000 | VISTEON CORP ZJ*6648 | 0.315 | 20507.74 | 158,521.33 |
| 3-Mar | Sell | -2,000 | VISTEON CORP | 0.300 | 0.00 | 158,521.33 |
| 3-Mar | Sell | -5,000 | VISTEON CORP | 0.291 | 0.00 | 158,521.33 |
| 3-Mar | Sell | -5,000 | VISTEON CORP | 0.288 | 0.00 | 158,521.33 |
| 3-Mar | Sell | -10,000 | VISTEON CORP | 0.300 | 0.00 | 158,521.33 |
| 3-Mar | Sell | -10,000 | VISTEON CORP ZJ*6648 | 0.305 | 9544.87 | 168,066.20 |
| 3-Mar | Sell | -3,000 | VISTEON CORP | 0.280 | 0.00 | 168,066.20 |
| 3-Mar | Sell | -5,000 | VISTEON CORP | 0.281 | 0.00 | 168,066.20 |
| 3-Mar | Sell | -10,000 | VISTEON CORP | 0.281 | 0.00 | 168,066.20 |
| 3-Mar | Sell | -20,000 | VISTEON CORP | 0.281 | 0.00 | 168,066.20 |
| 3-Mar | Sell | -30,000 | VISTEON CORP ZJ*6648 | 0.283 | 19164.75 | 187,230.95 |
| 3-Mar | Sell | -10,000 | VISTEON CORP | 0.281 | 0.00 | 187,230.95 |
| 3-Mar | Sell | -10,000 | VISTEON CORP | 0.281 | 0.00 | 187,230.95 |
| 3-Mar | Sell | -10,000 | VISTEON CORP | 0.281 | 0.00 | 187,231 |
| 3-Mar | Sell | -10,000 | VISTEON CORP | 0.281 | 0.00 | 187,230.95 |
| 3-Mar | Sell | -20,000 | VISTEON CORP ZJ*6648 | 0.281 | 16859.78 | 204,090.73 |
| 3-Mar | Sell | -5,000 | VISTEON CORP | 0.281 | 0.00 | 204,090.73 |
| 3-Mar | Sell | -10,000 | VISTEON CORP | 0.281 | 0.00 | 204,090.73 |
| 3-Mar | Sell | -49,000 | VISTEON CORP | 0.280 | 0.00 | 204,090.73 |
$$/page=
| Date | Activity | Quantity | Description | Price — ($) | Credited — ($) | Account — Balance |
|---|---|---|---|---|---|---|
| 3-Mar | Sell | -10,000 | VISTEON CORP ZJ*6648 | 0.281 | 20744.73 | 224,835.46 |
| 3-Mar | Sell | -100 | VISTEON CORP | 0.291 | 0.00 | 224,835.46 |
| 3-Mar | Sell | -3,900 | VISTEON CORP | 0.291 | 0.00 | 224,835.46 |
| 3-Mar | Sell | -10,000 | VISTEON CORP | 0.291 | 0.00 | 224,835.46 |
| 3-Mar | Sell | -20,785 | VISTEON CORP | 0.291 | 0.00 | 224,835.46 |
| 3-Mar | Sell | -5,000 | VISTEON CORP | 0.315 | 11687.30 | 236,522.76 |
| 3-Mar | Sell | -160,215 | VISTEON CORP | 0.290 | 46461.75 | 282,984.51 |
| 3-Mar | Sell | -24,325 | VISTEON CORP | 0.352 | 8552.30 | 291,536.81 |