SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
September 13, 2017
Commission File Number: 001-36614
Alibaba Group Holding Limited
(Registrants name)
c/o Alibaba Group Services Limited
26/F Tower One, Times Square
1 Matheson Street
Causeway Bay
Hong Kong
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-Fx Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): o
EXHIBITS
Exhibit 99.1 Jack Ma and Joseph C. Tsai Affiliated Entities and Philanthropic Foundations Adopt Rule 10b5-1 Share Sales Plans
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ALIBABA GROUP HOLDING LIMITED | |
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Date: September 13, 2017 |
By: |
/s/ Timothy A. STEINERT |
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Name: |
Timothy A. STEINERT |
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Title: |
General Counsel and Secretary |
Exhibit 99.1
Jack Ma and Joseph C. Tsai Affiliated Entities and Philanthropic Foundations
Adopt Rule 10b5-1 Share Sales Plans
JC Properties Limited and JSP Investment Limited, entities affiliated with Jack Ma, founder and executive chairman of Alibaba Group Holding Limited (the Company), and The Jack Ma Philanthropic Foundation, a philanthropic foundation affiliated with Mr. Ma, have adopted a pre-arranged share sales plan in accordance with Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended (Rule 10b5-1). The plan allows for the sale of up to 16 million shares of the Company over a 12-month period commencing in October 2017. The 16 million shares of the Company represent approximately 9% of the holdings under Mr. Mas beneficial ownership.
PMH Holding Limited and Parufam Limited, entities affiliated with Joseph C. Tsai, executive vice chairman of the Company, and Joe and Clara Tsai Foundation, the philanthropic foundation affiliated with Mr. Tsai, have adopted a pre-arranged share sales plan in accordance with Rule 10b5-1. The plan allows for the sale of up to 5.5 million shares of the Company over a 12-month period commencing in October 2017. The 5.5 million shares of the Company represent approximately 8% of the holdings under Mr. Tsais beneficial ownership.
These plans have been put in place for ordinary wealth planning purposes and to meet philanthropic commitments.
In accordance with these plans, the sales will occur from time to time pursuant to fixed instructions for trades based on prices and volume restrictions, to be executed by third-party brokers.
Rule 10b5-1 allows corporate officers and directors to adopt written, pre-arranged stock trading plans to meet commitments and wealth planning requirements, spreading stock trades out over an extended period of time to reduce any market impact and avoid concerns about whether they had material, non-public information.