Sec Form 4 Filing - Westerman Howard G JR @ Nano Magic Holdings Inc. - 2021-11-10

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Westerman Howard G JR
2. Issuer Name and Ticker or Trading Symbol
Nano Magic Holdings Inc. [ NMGX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
31601 RESEARCH PARK DR.
3. Date of Earliest Transaction (MM/DD/YY)
11/10/2021
(Street)
MADISON HEIGHTS, MI48071
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 11/10/2021 J 81,965 A 255,687 D
Common Stock 11/10/2021 J 81,965 D 255,687 I See Footnote( 2 )
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
Warrants $ 1.5 11/10/2021 J 47,600( 5 ) ( 3 ) ( 4 ) Common stock 47,600 ( 5 ) 143,431 I See Footnote( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Westerman Howard G JR
31601 RESEARCH PARK DR.
MADISON HEIGHTS, MI48071
X
Signatures
/s/ Howard Westerman 11/12/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reporting person received an in-kind distribution from PEN Comeback, LLC ("Comeback"), increasing direct holdings and decreasing indirect holdings. Share of indirect holdings also changed to reflect direct ownership of the membership interest in Comeback and because distribution triggered changed allocations under Comeback operating agreement.
( 2 )Total includes shares owned directly and indirectly.
( 3 )Warrants are presently exercisable.
( 4 )Warrants will expire on five different dates: earliest 10/15/2022, and last on 6/27/2023.
( 5 )Warrants are all held by Comeback. Reporting person's indirect interest was reduced by 25% under the terms of the Comeback agreement without any action by him. No consideration was paid or received. Totall in column 9 includes options held directly.

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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