SEC Form 4 · accession 0001552781-15-000911
ACRE REALTY INVESTORS INC · AIII
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward Gellert
Officer — COB, CEO & President · Director
Period of report
Oct 12, 2015
Accepted (ET)
Oct 13, 2015 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001011109
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per share | Oct 12, 2015 | A | 100,000 | $0.00 | A | 100,000 | D | |
| Common Stock, par value $.01 per shareF1 | holding | — | — | — | 8,450,704 | I | By A-III Investment Partners LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The purchase price and the number of shares of Common Stock issued, pursuant to a stock purchase agreement, are subject to adjustments as provided in the Stock Purchase Agreement, dated November 19, 2014. Edward Gellert disclaims beneficial ownership of the shares held by A-III Investment Partners LLC, 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 the shares for purposes of Section 16 or for any other purpose.