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Creative Media & Community Trust Corporation Director's Dealing 2019

Aug 28, 2019

6737_rns_2019-08-28_075a2354-48f7-40cd-a5aa-79568110c650.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)
(Last) (First) (Middle) 3. Date of Earliest Transaction (Month/Day/Year)
08/23/2019
Director
Officer (give title
below)
X 10% Owner
Other (specify
below)
4700 WILSHIRE BLVD 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable
Line)
(Street) X Form filed by One Reporting Person
LOS ANGELES CA 90010 Form filed by More than One Reporting
Person
(City) (State) (Zip)
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. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 08/23/2019 J (1) 235,071 (1) D \$0 (2) 11,519,113 D Common Stock 08/27/2019 J (1) 587,700 (1) D \$0 (2) 10,931,413 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1. Title of 2. 3. Transaction 3A. Deemed 4. 5. Number 6. Date Exercisable and 7. Title and 8. Price 9. Number of 10. 11. Nature
Derivative Conversion Date Execution Date, Transaction of Expiration Date Amount of
of
derivative Ownership of Indirect
Security or Exercise (Month/Day/Year) if any Code (Instr. Derivative (Month/Day/Year) Securities
Derivative
Securities Form: Beneficial
(Instr. 3) Price of (Month/Day/Year) 8) Securities Underlying Security Beneficially Direct (D) Ownership
Derivative Acquired Derivative
(Instr. 5)
Owned or Indirect (Instr. 4)
Security (A) or Security (Instr. Following (I) (Instr.
Disposed 3 and 4) Reported 4)
of (D) Transaction(s)
(Instr. 3, 4 (Instr. 4)
and 5)
Amount
or
Number
Date Expiration of
Code V (A) (D) Exercisable Date Title Shares

Explanation of Responses:

  1. Urban Partners II, LLC ("Urban Partners II") transferred 235,071 and 587,700 shares of common stock on August 23 and August 27, respectively, to certain members (collectively, the "Redeeming Parties") of CIM Urban REIT, LLC ("CIM Urban REIT"), a member of Urban Partners II, in exchange for the assignment by the Redeeming Parties of all of their respective 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 Parties' respective pro rata ownership interests in the common stock held by Urban Partners II.

  2. Please see footnote 1 above

/s/ David Thompson 08/27/2019

** 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.