Filing Details

Accession Number:
0001179110-16-031959
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-11-22 16:36:02
Reporting Period:
2016-11-21
Filing Date:
2016-11-22
Accepted Time:
2016-11-22 16:36:02
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
908311 Cim Commercial Trust Corp CMCT Real Estate Investment Trusts (6798) 756446078
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1617519 Ii E Charles Garner 4700 Wilshire Blvd
Los Angeles CA 90010
Chief Executive Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Series A Preferred Shares Acquisiton 2016-11-21 20,000 $0.00 20,000 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrants Acquisiton 2016-11-21 20,000 $0.00 5,000 $26.68
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
20,000 2017-11-21 2021-11-21 No 4 P Direct
Footnotes
  1. Reporting Person purchased 20,000 units ("Units") offered by CIM Commercial Trust Corporation ("CMCT"), with each Unit consisting of one share of Series A Preferred Stock of CMCT with an initial stated value of $25 per share (the "Preferred Stock") and (ii) one warrant to purchase 0.25 of a share of CMCT common stock (the "Warrant"). The Units were purchased at a price of $25 per Unit.
  2. This number excludes the Units consisting of Preferred Shares and Warrants described in Note 1 above. The exercise price of each Warrant is equal to a 15% premium to the fair market net asset value of CMCT per share of common stock as most recently published by CMCT at the time of issuance of the Warrants (the "Applicable NAV"). The Applicable NAV as disclosed in CMCT's Amendment No. 1 to Form S-11 filed on September 21, 2016 is $23.20 per share of CMCT common stock.