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Creative Media & Community Trust Corporation Director's Dealing 2019

Nov 13, 2019

6737_rns_2019-11-13_935bb04e-a29a-4632-8756-ec8b4d6b2525.pdf

Director's Dealing

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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB APPROVAL OMB Number: 3235-0287 Estimated average burden

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response: 0.5 X

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

*
1. Name and Address of Reporting Person
Urban
Partners
II,
LLC
2. Issuer Name and Ticker or Trading Symbol
CIM
Commercial
Trust
Corp[
CMCT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X
Director
10% Owner
(Last)
(First)
(Middle)
3. Date of Earliest Transaction (Month/Day/Year)
11/07/2019
below) Officer (give title below) Other (specify
4700 WILSHIRE BLVD 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable
Line)
(Street)
LOS ANGELES CA
90010
X Form filed by One Reporting Person
Form filed by More than One Reporting
Person
(City) (State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
2. Transaction
1. Title of Security (Instr. 3)
Date
(Month/Day/Year)
2A. Deemed
Execution Date,
if any
(Month/Day/Year)
3.
Transaction
Code (Instr.
8)
4. Securities Acquired (A) or
Disposed Of (D) (Instr. 3, 4 and 5)
Securities 5. Amount of
Beneficially
Owned Following
6. Ownership
Form: Direct
(D) or Indirect
(I) (Instr. 4)
7. Nature
of Indirect
Beneficial
Ownership
Code V Amount (A) or
(D)
Price Reported Transaction(s)
(Instr. 3 and 4)
(Instr. 4)
Common Stock
11/07/2019
(1)
J
391,800
(1)
D \$0
(1)
0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of
Derivative
Security
(Instr. 3)
2.
Conversion
or Exercise
Price of
Derivative
Security
3. Transaction
Date
(Month/Day/Year)
3A. Deemed
if any
Execution Date,
(Month/Day/Year)
4.
8)
Transaction
Code (Instr.
Code
V
5. Number
of
Derivative
Securities
Acquired
(A) or
Disposed
of (D)
(Instr. 3, 4
and 5)
(A)
(D)
Expiration Date
(Month/Day/Year)
Exercisable
6. Date Exercisable and
Expiration
7. Title and
Amount of
Securities
Underlying
Derivative
Security (Instr. 3
and 4)
or
of
Date
Title
Shares
Amount
Number
8. Price
of
Derivative
Security
(Instr. 5)
9. Number of
derivative
Securities
Beneficially
Owned
Following
Reported
Transaction(s)
(Instr. 4)
10.
Ownership
Form:
Direct (D)
or Indirect
(I) (Instr. 4)
11. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)

Explanation of Responses:

  1. Urban Partners II, LLC ("Urban Partners II") transferred 391,800 shares of common stock on November 7, 2019 to a member (the "Redeeming Party") of CIM Urban REIT, LLC ("CIM Urban REIT"), a member of Urban Partners II, in exchange for the assignment by the Redeeming Party of all of its equity interests in CIM Urban REIT to, and the subsequent cancellation of such equity interests by, CIM Urban REIT. Such distributed common stock reflected the Redeeming Party's pro rata ownership interests in the common stock held by Urban Partners II.

/s/ David Thompson 11/12/2019

** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.