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Creative Media & Community Trust Corporation Director's Dealing 2021

Jun 30, 2021

6737_rns_2021-06-30_403cd029-cf15-4f33-a8e4-307dba1e0011.pdf

Director's Dealing

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

OMB APPROVAL OMB Number: 3235-0287

hours per response: 0.5

Estimated average burden
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
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
Officer (give title
Other (specify
(Last)
(First)
(Middle)
4700 WILSHIRE BLVD
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2021
X
below)
below)
Member of 10% owner group
(Street)
LOS ANGELES CA
90010
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
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)
Date
2. Transaction 2A. Deemed
Execution Date,
(Month/Day/Year)
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 Reported
6. Ownership
Form: Direct
(D) or Indirect
(I) (Instr. 4)
7. Nature of
Indirect
Beneficial
Ownership
Code V (A) or
Amount
(D)
Price Transaction(s)
(Instr. 3 and 4)
(Instr. 4)
Common Stock 06/25/2021 O 410,394(1)(2) A \$9.25 613,743 D
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
Derivative
Conversion
Date
Execution Date,
Security
or Exercise
(Month/Day/Year)
if any
(Instr. 3)
Price of
(Month/Day/Year)
Derivative
Security
4.
8)
Transaction
Code (Instr.
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)
Amount or 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 Number of
Shares

Explanation of Responses:

Subscription Rights (right to buy)

  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, and exercised oversubscription rights in respect of, and was allocated, an additional 207,045 shares of common stock.

\$9.25 06/25/2021 O 203,349(1) 06/11/2021 06/23/2021 Common

/s/ David Thompson, Vice 06/29/2021
President
** Signature of Reporting Person Date

Stock 203,349(1)(2) \$0 0 D

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.