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Creative Media & Community Trust Corporation — Director's Dealing 2020
Nov 15, 2020
6737_rns_2020-11-15_a180f4c1-3c7f-4c7d-ba4d-4bdf43fa0feb.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 |
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). 1. Name and Address of Reporting Person*
| or Section 30(h) of the Investment Company Act of 1940 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1. Name and Address of Reporting Person* Shemesh Avraham |
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 | X | 10% Owner | ||||||
| (Last) 4700 WILSHIRE BLVD |
(First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 11/10/2020 |
Officer (give title below) |
Other (specify below) |
||||
| (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 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. Code (Instr. 8) |
4. Securities Acquired (A) or Transaction Disposed Of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following Reported |
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 | Transaction(s) (Instr. 3 and 4) |
|||||
| Series A Preferred Shares | 11/10/2020 | P | 95,214(1) | A | \$25 | 201,732(2) | I | See footnote (2)(2) |
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) |
of Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
5. Number Derivative Securities |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) |
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) |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
Explanation of Responses:
-
CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 95,214 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 third fiscal quarter of 2020 pursuant to the investment management agreement between CIM Capital and CIM Urban.
-
CIM Group, LLC is the sole equity member of CIM Capital. 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 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.
| /s/ David Thompson, attorney in fact |
11/12/2020 | |||
|---|---|---|---|---|
** 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.
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Washington, D.C. 20549
OMB APPROVAL
| OMB Number: | 3235-0287 | |||||
|---|---|---|---|---|---|---|
| Estimated average burden | ||||||
| hours per response: | 0.5 |
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 obligations may continue. See Instruction 1(b). 1. Name and Address of Reporting Person* Kuba Shaul (Last) (First) (Middle) 4700 WILSHIRE BLVD (Street) LOS ANGELES CA 90010 (City) (State) (Zip) 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 X 10% Owner Officer (give title below) Other (specify 3. Date of Earliest Transaction (Month/Day/Year) below) 11/10/2020 4. If Amendment, Date of Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person 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. 8) |
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities 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) | ||||
| Series A Preferred Shares | 11/10/2020 | P | 95,214(1) | A | \$25 | 201,732(2) | I | See footnote (2)(2) |
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. Code (Instr. 8) |
Transaction | of (A) or of (D) and 5) |
5. Number Derivative Securities Acquired Disposed (Instr. 3, 4 |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and 8. Price of Amount of Derivative Securities Security Underlying (Instr. 5) Derivative Security (Instr. 3 and 4) |
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) |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
Explanation of Responses:
-
CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 95,214 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 third quarter of 2020 pursuant to the investment management agreement between CIM Capital and CIM Urban.
-
CIM Group, LLC is the sole equity member of CIM Capital. The reporting person, Richard Ressler and Avraham Shemesh may be deemed to beneficially own all of the shares of Series A Preferred Stock acquired from 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.
| /s/ David Thompson, attorney in fact |
11/12/2020 | |||
|---|---|---|---|---|
** 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.
Check this box if no longer subject to Section 16. Form 4 or Form 5
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* RESSLER RICHARD S |
2. Issuer Name and Ticker or Trading Symbol CIM Commercial Trust Corp [ CMCT ] |
X | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director |
X | 10% Owner | ||
|---|---|---|---|---|---|---|---|
| (Last) 4700 WILSHIRE BLVD |
(First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 11/10/2020 |
Officer (give title below) |
Other (specify below) |
||
| (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 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 |
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 | Reported Transaction(s) (Instr. 3 and 4) |
|||||
| Series A Preferred Shares | 11/10/2020 | P | 95,214(1) | A | \$25 | 201,732(2) | I | See footnote (2)(2) |
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) |
10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Code V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
Explanation of Responses:
-
CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 95,214 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 third fiscal quarter of 2020 pursuant to the investment management agreement between CIM Capital and CIM Urban.
-
CIM Group, LLC is the sole equity member of CIM Capital. The reporting person, Avraham Shemesh and Shaul Kuba may be deemed to beneficially own all of the shares of Series A Preferred Stock acquired from 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.
| /s/ David Thompson, attorney | 11/12/2020 |
|---|---|
| in fact | |
** 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.
Instruction 1(b).
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Washington, D.C. 20549
OMB APPROVAL OMB Number: 3235-0287 Estimated average burden
hours per response: 0.5
| 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* CIM Capital, LLC (Last) (First) (Middle) 4700 WILSHIRE BLVD |
2. Issuer Name and Ticker or Trading Symbol CIM Commercial Trust Corp [ CMCT ] 3. Date of Earliest Transaction (Month/Day/Year) 11/10/2020 |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title Other (specify X below) below) Member of 10% owner group |
||
| (Street) LOS ANGELES (City) |
CA (State) |
90010 (Zip) |
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person 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) |
Transaction Code (Instr. |
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following Reported |
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 | Transaction(s) (Instr. 3 and 4) |
|||||
| Series A Preferred Shares | 11/10/2020 | P | 95,214(1) | A | \$25 | 190,459 | 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) |
10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code V | (A) | (D) | Date Exercisable |
Expiration Date |
Title | Amount or Number of Shares |
Explanation of Responses:
- The reporting person received 95,214 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 the reporting person a management fee in respect of the third fiscal quarter of 2020 pursuant to the investment management agreement between the reporting person and CIM Urban.
/s/ David Thompson 11/12/2020
** 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.