Creative Media & Community Trust Corporation — Director's Dealing 2021

Jun 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIM Commercial Trust Corp (CMCT)
CIK: 0000908311
Period of Report: 2021-06-25

Reporting Person: Kuba Shaul (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-06-25	Common Stock	O	5219750	$9.25	Acquired	7806121	Indirect
2021-06-25	Common Stock	O	316305	$9.25	Acquired	473033	Indirect
2021-06-25	Common Stock	O	410394	$9.25	Acquired	613743	Indirect
2021-06-25	Common Stock	O	40216	$9.25	Acquired	45420	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-06-25	Subscription Rights (right to buy)	$9.25	O	2586371	Disposed	2021-06-23	Common Stock (2586371)	Indirect
2021-06-25	Subscription Rights (right to buy)	$9.25	O	156728	Disposed	2021-06-23	Common Stock (156728)	Indirect
2021-06-25	Subscription Rights (right to buy)	$9.25	O	203349	Disposed	2021-06-23	Common Stock (203349)	Indirect
2021-06-25	Subscription Rights (rights to buy)	$9.25	O	5204	Disposed	2021-06-23	Common Stock (5204)	Indirect

Footnotes

F1: On June 10, 2021, the issuer commenced a rights offering pursuant to which the issuer distributed non transferable subscription rights (the "Subscription Rights") to holders of record of its common stock as of 4:00 p.m., New York Time, on June 11, 2021. Each eligible recordholder received one Subscription Right for each share of common stock held of record by such holder as of the record date. Each Subscription Right entitled its holder, subject to certain limitations and conditions, to purchase one share of common stock at a subscription price of $9.25 per share. Holders of Subscription Rights that exercised in full such basic subscription rights were entitled, subject to certain limitations and conditions, to oversubscribe for additional shares of common stock that remained unsubscribed for in the rights offering. The rights offering expired on June 23, 2021 and the Company announced the results of the offering on June 25, 2021.

F2: Each of CIM Service Provider, LLC, CIM Urban Sponsor, LLC and CIM Capital, LLC exercised in full its Subscription Rights, and exercised oversubscription rights in respect of, and was allocated, an additional 2,633,379 shares of common stock, 159,577 shares of common stock and 207,045 shares of common stock, respectively.

F3: CIM Group, LLC is the sole equity member of the entity through which these shares are held. The reporting person may be deemed to beneficially own all of these shares because of his position with CIM Group, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these 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.

F4: Shares held by The Kuba Family Trust of which the reporting person was the grantor and the indirect beneficial owner. Such trust exercised in full its Subscription Rights, and exercised oversubscription rights in respect of, and was allocated, an additional 35,012 shares of common stock.