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Creative Media & Community Trust Corporation — Director's Dealing 2021
Jan 21, 2021
6737_dirs_2021-01-21_dbdb7672-1cb8-45c4-a78e-740d3c378f2a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CIM Commercial Trust Corp (CMCT)
CIK: 0000908311
Period of Report: 2021-01-21
Reporting Person: Kuba Shaul (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-21 | Series A Preferred Shares | P | 96740 | $25 | Acquired | 298472 | Indirect |
Footnotes
F1: CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 96,740 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 fourth quarter of 2020 pursuant to the investment management agreement between CIM Capital and CIM Urban.
F2: 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.