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Creative Media & Community Trust Corporation — Director's Dealing 2020
Jul 12, 2020
6737_rns_2020-07-12_5a7f7e4d-e3f2-4215-8fd2-1a05efdf74a7.pdf
Director's Dealing
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| FORM 4 |
|---|
| Check this box if no |
| longer subject to |
| Section 16. Form 4 or |
| Form 5 obligations |
may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
| (Print or Type Responses) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. Name and Address of Reporting Person * Kuba, Shaul |
2. Issuer Name and Ticker or Trading Symbol CIM Commercial Trust Corporation [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) 07/08/2020 |
_____ Officer (give title below) | _____ Other (specify below) | |||||||
| Los Angeles, CA 90010 | 4. If Amendment, Date 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 |
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| (City) | (State) | (Zip) | Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||
| 1.Title of Security (Instr. 3) Date |
2. Transaction (Month/Day/Year) |
2A. Deemed 3. Transaction Execution Date, if Code any (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) |
6. Ownership Form: |
7. Nature of Indirect Beneficial |
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| (Month/Day/Year) | Code | V | Amount | (A) or |
(D) Price | (Instr. 3 and 4) | Direct (D) or Indirect (I) (Instr. 4) |
Ownership (Instr. 4) |
||||
| Common Stock | 07/08/2020 | P | 106,518(1) A | \$25 106,518(2) | I | See footnote (2) 2 |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number.
SEC 1474 (9-02)
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. | 6. Date Exercisable | 7. Title and | 8. Price of | 9. Number of | 10. | 11. Nature | ||||
| Derivative | Conversion | Date | Execution Date, if | Transaction | Number | and Expiration Date | Amount of | Derivative | Derivative | Ownership | of Indirect | ||||
| Security | or Exercise | (Month/Day/Year) | any | Code | of | (Month/Day/Year) | Underlying | Security | Securities | Form of | Beneficial | ||||
| (Instr. 3) | Price of | (Month/Day/Year) | (Instr. 8) | Derivative | Securities | (Instr. 5) | Beneficially | Derivative | Ownership | ||||||
| Derivative | Securities | (Instr. 3 and | Owned | Security: | (Instr. 4) | ||||||||||
| Security | Acquired | 4) | Following | Direct (D) | |||||||||||
| (A) or | Reported | or Indirect | |||||||||||||
| Disposed | Transaction(s) | (I) | |||||||||||||
| of (D) | (Instr. 4) | (Instr. 4) | |||||||||||||
| (Instr. 3, | |||||||||||||||
| 4, and 5) | |||||||||||||||
| Amount | |||||||||||||||
| or | |||||||||||||||
| Date | Expiration | Title | Number | ||||||||||||
| Exercisable | Date | of | |||||||||||||
| Code | V (A) (D) | Shares |
Reporting Owners
| Reporting Owner Name / Address | Relationships | ||||||
|---|---|---|---|---|---|---|---|
| Director 10% Owner Officer Other | |||||||
| Kuba, Shaul 4700 Wilshire Blvd |
X | X | |||||
| Los Angeles, CA 90010 |
Signatures
| /s/ David Thompson, attorney in fact | 07/09/2020 | |||
|---|---|---|---|---|
| **Signature of Reporting Person | Date |

Explanation of Responses:
* 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).
(1)CIM Service Provider ("CIM Service Provider"), a wholly owned subsidiary of CIM Group, LLC, received 11,273 shares of Series A Preferred Stock from the Issuer as payment for the fee owed by the Issuer to CIM Service Provider in respect of the first fiscal quarter of 2020 pursuant to the master services agreement between CIM Service Provider and the Issuer. CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 95,245 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 second fiscal quarter of 2020 pursuant to the investment management agreement between CIM Capital and CIM Urban.
(2)CIM Group, LLC is the sole equity member of CIM Service Provider and CIM Capital, respectively. 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 Service Provider and 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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.