Filing Details

Accession Number:
0001179110-20-008161
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-07-09 19:59:54
Reporting Period:
2020-07-08
Accepted Time:
2020-07-09 19:59:54
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
1601805 Avraham Shemesh 4700 Wilshire Blvd
Los Angeles CA 90010
Yes No Yes 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 2020-07-08 106,518 $25.00 106,518 No 4 P Indirect See footnote (2)
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnote (2)
Footnotes
  1. CIM Service Provider ("CIM Service Provider"), a wholly owned subsidiary of CIM Group, LLC, received 11,273 shares of Series A Preferred Stock from the Issuer as payment for the fee owed by the Issuer to CIM Service Provider in respect of the first fiscal quarter of 2020 pursuant to the master services agreement between CIM Service Provider and the Issuer. CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 95,245 shares of Series A Preferred Stock from the Issuer as payment for the obligation of CIM Urban Partners, L.P. ("CIM Urban"), a wholly-owned indirect subsidiary of the Issuer, to pay CIM Capital a management fee in respect of the second fiscal quarter of 2020 pursuant to the investment management agreement between CIM Capital and CIM Urban.
  2. CIM Group, LLC is the sole equity member of CIM Service Provider and CIM Capital, respectively. The reporting person, Richard Ressler and Shaul Kuba may be deemed to beneficially own all of the shares of Series A Preferred Stock acquired from CIM Service Provider and CIM Capital because of their positions with CIM Group, LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.