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Filing Details

Accession Number:: 0001104659-21-030953
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-02 19:56:34
Reporting Period:: 2021-03-01

Accepted Time:: 2021-03-02 19:56:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1595527	New York City Reit Inc.	NYC	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1490448	Jr. M Edward Weil	650 Fifth Avenue, 30Th Floor New York NY 10019	Ceo, President And Secretary	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2021-03-01	150	$9.93	9,060	No	4	P	Direct
Class A Common Stock	Acquisiton	2021-03-02	150	$9.76	9,210	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	52,435	Indirect	See footnote
Class A Common Stock	3,656	Indirect	See footnote

Footnotes

The transactions reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 18, 2020.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.92 to $9.95, inclusive. The reporting person undertakes to provide to New York City REIT, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.75 to $9.79, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
The reporting person is the chief executive officer, and also holds a non-controlling equity interest in, the entities that own and control New York City Advisors, LLC (the "Advisor"), the external advisor of the Issuer. The Advisor beneficially owns the reported securities. The reporting person disclaims beneficial ownership of the securities beneficially owned by the Advisor except to the extent of his pecuniary interest therein. The number of securities reported as indirectly beneficially owned by the reporting person in this Form 4 is the total number of securities beneficially owned by the Advisor and does not represent his pro rata indirect pecuniary interest therein (i.e. his pro rata share of the equity of the parent of the Advisor).
As noted, the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. In previous Form 4 filings, the reporting person reported the actual number of securities that represented his pro rata pecuniary interest therein (i.e. his pro rata share of the equity of the parent of the Advisor). As of January 19, 2021, the reporting person's pro rata pecuniary interest in the equity of the parent of the Advisor increased due to the indirect effect of an event not involving the reporting person and the number of securities reported in Form 4 filings that were filed after that date should have been increased from 1,840.47 to 3,403.03.
This amount includes 2,742 shares of Class A common stock and 914.49 shares of Class B common stock. Shares of Class B common stock will automatically convert into shares of Class A common stock to be listed on the New York Stock Exchange no later than August 13, 2021.
The reporting person is the chief executive officer, and also holds a non-controlling equity interest in, the entities that own and control New York City Special Limited Partnership, LLC (the "Special Limited Partner"), an affiliate of the Advisor. The Special Limited Partner beneficially owns the reported securities. The reporting person disclaims beneficial ownership of the securities beneficially owned by the Special Limited Partner except to the extent of his pecuniary interest therein. The number of securities reported as indirectly beneficially owned by the reporting person in this Form 4 is the total number of securities beneficially owned by the Special Limited Partner and does not represent his pro rata indirect pecuniary interest therein (i.e. his pro rata share of the equity of the parent of the Special Limited Partner).
As noted, the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest. In previous Form 4 filings, the reporting person reported the actual number of securities that represented his pro rata pecuniary interest therein (i.e. his pro rata share of the equity of the parent of the Special Limited Partner). As of January 19, 2021, the reporting person's pro rata pecuniary interest in the equity of the parent of the Special Limited Partner increased due to the indirect effect of an event not involving the reporting person and the number of securities reported in Form 4 filings that were filed after that date should have been increased from 128.36 to 237.31.