SEC Form 4 · accession 0001209191-17-060727
Drive Shack Inc. · DS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wesley R Edens
Director
Period of report
Nov 10, 2017
Accepted (ET)
Nov 14, 2017 · 6:52 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 shareF1 | Nov 10, 2017 | P | 100,000 | $4.069 | A | 1,816,729 | D | |
| Common Stock, par value $0.01 per shareF2 | Nov 13, 2017 | P | 70,865 | $4.096 | A | 1,887,594 | D | |
| Common Stock, par value $0.01 per shareF3 | Nov 14, 2017 | P | 109,712 | $4.117 | A | 1,997,306 | D | |
| Common Stock, par value $0.01 per shareF1,F4 | Nov 10, 2017 | P | 100,000 | $4.069 | A | 3,441,446 | I | The Wesley R. Edens 2011 GRAT Family Trust |
| Common Stock, par value $0.01 per shareF2,F4 | Nov 13, 2017 | P | 70,838 | $4.096 | A | 3,512,284 | I | The Wesley R. Edens 2011 GRAT Family Trust |
| Common Stock, par value $0.01 per shareF3,F4 | Nov 14, 2017 | P | 109,902 | $4.117 | A | 3,622,186 | I | The Wesley R. Edens 2011 GRAT Family Trust |
| Common Stock, par value $0.01 per shareF5 | holding | — | — | — | 172,848 | I | Fortress Operating Entity I LP | |
| Common Stock, par value $0.01 per shareF4 | holding | — | — | — | 775 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.05 to $4.07. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F2The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.045 to $4.10. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F3The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.06 to $4.12. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F4Mr. Edens may be deemed to be the beneficial owner of these shares but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- F5Mr. Edens may be deemed to be the beneficial owner of these securities by virtue of his relationship to Fortress Operating Entity I LP ("FOE I"). Mr. Edens disclaims beneficial ownership of any securities (and the underlying shares of common stock, if applicable) of the issuer held by FOE I except to the extent of his pecuniary interest therein.