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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
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| Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 | |
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| or Section 30(h) of the Investment Company Act of 1940 | ||||||||||||||||||
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| 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 |
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| (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 |
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| (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 |
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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 | 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 |
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| 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) |
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| 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) |
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| Code V | (A) (D) | Date Exercisable |
Expiration Date |
Title | Number of Shares |
Explanation of Responses:
Subscription Rights (right to buy)
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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.
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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 |
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| 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.