SEC Form 4 · accession 0001209191-15-080090
Drive Shack Inc. · DS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth M Riis
Officer — CEO and President · Director
Period of report
Nov 11, 2015
Accepted (ET)
Nov 13, 2015 · 5:34 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF2 | Nov 11, 2015 | S | 37,556 | $4.6384 | D | 156,263 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares sold solely to generate proceeds to pay the withholding tax associated with the delivery of shares upon exercise of stock options reported on the reporting person's form filed on November 10, 2015.
- F2This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.62 to $4.66, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
Remarks
This report reflects the issuer's 2-for-1 reverse stock split that occurred on October 22, 2014.