SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Wuu Gene

(Last)

(First)

(Middle)

TWR A BLD B23 UNIV BUS PK NO. 10

JIUXIANGQIAO RD CHAOYANG DIST

(Street)

BEIJING

100015

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Borqs Technologies, Inc. [ BRQS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & GM of Cloud Bus. Unit

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2017

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	08/18/2017		A		23,448	A	⁽¹⁾	23,448	D

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$2.23	08/18/2017		A		23,617		⁽²⁾	10/24/2019	Ordinary Shares	23,617	⁽²⁾	23,617	D
Stock Option (Right to Buy)	$2.23	08/18/2017		A		661		⁽³⁾	01/21/2021	Ordinary Shares	661	⁽³⁾	661	D
Stock Option (Right to Buy)	$2.92	08/18/2017		A		20,419		⁽⁴⁾	07/23/2021	Ordinary Shares	20,419	⁽⁴⁾	20,419	D
Stock Option (Right to Buy)	$2.92	08/18/2017		A		859		⁽⁵⁾	05/26/2022	Ordinary Shares	859	⁽⁵⁾	859	D
Stock Option (Right to Buy)	$4.86	08/18/2017		A		1,039		⁽⁶⁾	08/03/2022	Ordinary Shares	1,039	⁽⁶⁾	1,039	D
Stock Option (Right to Buy)	$4.86	08/18/2017		A		2,031		⁽⁷⁾	04/26/2023	Ordinary Shares	2,031	⁽⁷⁾	2,031	D
Stock Option (Right to Buy)	$4.86	08/18/2017		A		1,039		⁽⁸⁾	08/10/2023	Ordinary Shares	1,039	⁽⁸⁾	1,039	D
Stock Option (Right to Buy)	$4.86	08/18/2017		A		991		⁽⁹⁾	05/29/2025	Ordinary Shares	991	⁽⁹⁾	991	D
Stock Option (Right to Buy)	$4.86	08/18/2017		A		23,617		⁽¹⁰⁾	02/06/2025	Ordinary Shares	23,617	⁽¹⁰⁾	23,617	D
Stock Option (Right to Buy)	$4.86	08/18/2017		A		991		⁽¹¹⁾	08/15/2024	Ordinary Shares	991	⁽¹¹⁾	991	D

Explanation of Responses:

1. Received in exchange for 300,000 ordinary shares of Borqs International Holding Corp. ("Borqs") in connection with the merger of Borqs into Pacific Special Acquisition Corp. (the "Merger").

2. Received in the Merger in exchange for a stock option to acquire 250,000 ordinary shares of Borqs. The options are fully vested.

3. Received in the Merger in exchange for a stock option to acquire 7,000 ordinary shares of Borqs. The options are fully vested.

4. Received in the Merger in exchange for a stock option to acquire 216,150 ordinary shares of Borqs. The options are fully vested.

5. Received in the Merger in exchange for a stock option to acquire 9,100 ordinary shares of Borqs. The options are fully vested.

6. Received in the Merger in exchange for a stock option to acquire 11,000 ordinary shares of Borqs. The options are fully vested.

7. Received in the Merger in exchange for a stock option to acquire 21,500 ordinary shares of Borqs. The options are fully vested.

8. Received in the Merger in exchange for a stock option to acquire 11,000 ordinary shares of Borqs. The options are fully vested.

9. Received in the Merger in exchange for a stock option to acquire 10,500 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on May 30, 2016, and an additional 1/48 of the total grant vests each month thereafter.

10. Received in the Merger in exchange for a stock option to acquire 250,000 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on February 7, 2016, and an additional 1/48 of the total grant vests each month thereafter.

11. Received in the Merger in exchange for a stock option to acquire 10,500 ordinary shares of Borqs. The options became vested as to 1/4 of the total grant on May 24, 2015, and an additional 1/48 of the total grant vests each month thereafter.

	/s/ Bob Li, Attorney-in-Fact for Gene Wuu	08/22/2017
	** 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 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).
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.