SEC Form 4 · accession 0001209191-15-079360

Drive Shack Inc. · DS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO and President · Director

Period of report

Nov 6, 2015

Accepted (ET)

Nov 10, 2015 · 5:50 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001175483

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock, par value $0.01 per share	Nov 6, 2015	M	39,028	$1.00	A	128,778	D
Common Stock, par value $0.01 per share	Nov 6, 2015	M	44,499	$1.00	A	173,277	D
Common Stock, par value $0.01 per share	Nov 6, 2015	M	48,518	$1.00	A	221,795	D
Common Stock, par value $0.01 per share	Nov 6, 2015	F	27,976	$4.72	D	193,819	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Stock Option (right to buy)^F2	$1.00	Nov 6, 2015	M	39,028	D	—	—	Common Stock, par value $0.01 per share	39,028	D
Stock Option (right to buy)^F2	$1.00	Nov 6, 2015	M	44,499	D	—	—	Common Stock, par value $0.01 per share	44,499	D
Stock Option (right to buy)^F2	$1.00	Nov 6, 2015	M	48,518	D	—	—	Common Stock, par value $0.01 per share	48,518	D

F1The reported stock options were granted by the issuer to Fortress Operating Entity I ("FOE I"), an affiliate of the issuer's manager, in April 2012, May 2012 and July 2012, as applicable, pursuant to the terms of the issuer's Nonqualified Stock Option and Incentive Award Plan. FOE I assigned such options to the reporting person, who assumed the options for no value.
F2Options became exercisable in thirty equal monthly installments beginning on the first of each month following the month in which the options were granted to FOE I.

This report reflects the issuer's 2-for-1 reverse stock split that occurred on October 22, 2014.