SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 6, 2017

2. SEC Identification Number

CS20000917

3. BIR Tax Identification No.

007-213-353

4. Exact name of issuer as specified in its charter

Italpinas Development Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Unit 9A 9th Floor Courty Space Building I 133 HV Dela Costa St. Salcedo Village Makati City Postal Code 1200

8. Issuer's telephone number, including area code

(02) 893 0328

9. Former name or former address, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	221,618,800

11. Indicate the item numbers reported herein

Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Italpinas Development CorporationIDC

PSE Disclosure Form 13-1 - Change in Shareholdings of
Directors and Principal Officers References: SRC Rule 23 (SEC Form 23-B) and
Section 13 of the Revised Disclosure Rules

Subject of the Disclosure
Changes in the shareholdings of Romolo Nati, the Chairman of the Board of Directors of Italpinas Development Corporation.
Background/Description of the Disclosure
Mr. Romolo Nati's shareholdings changed after disposing 2,000,000 common shares of Italpinas Development Corporation.

Name of Person	Romolo Nati
Position/Designation	Chairman

For Equity Securities

Type of Security / Stock Symbol	Date of Transaction	Securities Acquired (A) or Disposed (D)			Ownership Form Direct (D) or Indirect (I)	Nature of Indirect Beneficial Ownership
		Number of Shares	(A) or (D)	Price per Share
Common	Dec 6, 2017	2,000,000	D	9.6825	D	-

Number of Shares Owned after the Transaction

Direct	65,027,965
Indirect	0