SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Brenza Karl

(Last) (First) (Middle)
JERASH HOLDINGS (US), INC.
147 W. 35TH STREET, ROOM #1603

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
09/12/2018
3. Issuer Name and Ticker or Trading Symbol
Jerash Holdings (US), Inc. [ JRSH ]
4. 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
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 306,500 I By Dayspring Capital, LLC(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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: 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
Stock Option (Right to Buy) (2) 08/03/2028 Common Stock 100,000 $6.12 D
Warrant (Right to Buy) 05/15/2017 05/15/2022 Common Stock 5,000 $6.25 D
Warrant (Right to Buy) 07/15/2017 05/15/2022 Units(3) 23,643 $5.5 D
Warrant (Right to Buy) 10/18/2017 08/18/2022 Units(3) 7,487 $5.5 D
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).
Remarks:
/s/ Karl Brenza 09/17/2018
** Signature of Reporting Person 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.