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Creative Media & Community Trust Corporation Director's Dealing 2021

Jun 30, 2021

6737_rns_2021-06-30_ab64039a-699a-4001-b215-3ec4546853cc.pdf

Director's Dealing

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 OMB APPROVAL
Check this box if no longer subject to
Section 16. Form 4 or Form 5
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number:
Estimated average burden
3235-0287
obligations may continue. See
Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 hours per response: 0.5
or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person* DeBacker Nathan David 2. Issuer Name and Ticker or Trading Symbol
CIM Commercial Trust Corp [ CMCT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director
10% Owner
(Last)
(First)
(Middle)
17950 PRESTON ROAD, SUITE 600
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2021
X Officer (give title
below)
below)
Chief Financial Officer
Other (specify
(Street)
DALLAS
TX 75252 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
(City) (State) (Zip) 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
2A. Deemed
Execution Date,
3.
Transaction
4. Securities Acquired (A) or
Disposed Of (D) (Instr. 3, 4 and 5)
5. Amount of
Securities
6. Ownership
Form: Direct
7. Nature of
Indirect
(Month/Day/Year) if any
(Month/Day/Year)
Code (Instr.
8)
Beneficially
Owned Following
Reported
(D) or Indirect
(I) (Instr. 4)
Beneficial
Ownership
Code V Amount (A) or
Transaction(s)
Price
(D)
(Instr. 3 and 4)
(Instr. 4)
Common Stock
06/25/2021
O 3,000(1)(2) A \$9.25 6,000 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)
(A) (D)
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
10.
Ownership
Form:
Direct (D)
or Indirect
(I) (Instr. 4)
11. Nature
of Indirect
Beneficial
Ownership
(Instr. 4)
Code V Date
Exercisable
Expiration
Date
Title Amount or
Number of
Shares
Transaction(s)
(Instr. 4)
Subscription
Rights (right
to buy)
\$9.25 06/25/2021 O 3,000(1) 06/11/2021 06/23/2021 Common Stock 3,000(1)(2) \$0 0 D

Explanation of Responses:

  1. 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.

  2. The reporting person exercised in full his Subscription Rights.

/s/ Nathan D. DeBacker 06/29/2021

** 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.