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
- 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.
- 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.