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Creative Media & Community Trust Corporation Director's Dealing 2019

Sep 22, 2019

6737_rns_2019-09-22_840d6661-62f9-4474-a967-064ea3457faa.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 hours per response: 0.5

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

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)
Director
X 10% Owner
(Last) (First)
(Middle)
3. Date of Earliest Transaction (Month/Day/Year)
09/17/2019
below) Officer (give title below) Other (specify
4700 WILSHIRE BLVD
(Street)
LOS ANGELES CA
90010
4. If Amendment, Date of Original Filed (Month/Day/Year) Line)
X
6. Individual or Joint/Group Filing (Check Applicable
Form filed by One Reporting Person
(City) (State) (Zip) Form filed by More than One Reporting
Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)
2. Transaction
Date
(Month/Day/Year)
2A. Deemed
Execution Date,
if any
(Month/Day/Year)
3.
Transaction
Code (Instr.
and 5)
8)
4. Securities Acquired (A) or
Disposed Of (D) (Instr. 3, 4
Owned 5. Amount of
Securities
Beneficially
(D) or
Indirect (I)
(Instr. 4)
6. Ownership
Form: Direct
7. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V Amount (A) or
(D)
Price Following
Reported
Transaction(s)
(Instr. 3 and 4)
Common Stock
09/17/2019
(1)
783,614
J
(1) D \$0
(2)
2,860,190 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
Execution Date,
if any
(Month/Day/Year)
4.
Transaction
Code (Instr.
8)
5. Number
of
Derivative
Securities
Acquired
(A) or
Disposed
of (D)
(Instr. 3, 4
and 5)
6. Date Exercisable and
Expiration Date
(Month/Day/Year)
7. Title and
Amount of
Securities
Underlying
Derivative
Security (Instr.
3 and 4)
8. Price
of
Derivative
Security
(Instr. 5)
9. Number of
derivative
Securities
Beneficially
Owned
Following
Reported
Transaction(s)
(Instr. 4)
4) 10.
Ownership
Form:
Direct (D)
or Indirect
(I) (Instr.
11. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V (A) (D) Date
Exercisable
Expiration
Date
Title or
of
Amount
Number
Shares

Explanation of Responses:

  1. On September 3, 2019, CIM Commercial Trust Corporation effected a 1-for-3 reverse stock split (the "Reverse Stock Split") of its common stock. The share information contained herein reflects the effect of the Reverse Stock Split. Urban Partners II, LLC ("Urban Partners II") transferred 783,614 shares of common stock on September 17, 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. 2. Please see footnote 1 above

/s/ David Thompson 09/19/2019

** 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.