SEC Form 4 · accession 0001209191-18-024736
Drive Shack Inc. · DS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarah Watterson
Officer — CEO & President
Period of report
Apr 10, 2018
Accepted (ET)
Apr 12, 2018 · 4:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001175483
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F2 | $1.00 | Apr 10, 2018 | J | 37,422 | A | — | Mar 31, 2021 | Common Stock, par value $0.01 per share | 37,422 | 74,844 | D |
| Stock Option (right to buy)F1,F2 | $1.00 | Apr 10, 2018 | J | 62,906 | A | — | Sep 30, 2021 | Common Stock, par value $0.01 per share | 62,906 | 125,812 | D |
| Stock Option (right to buy)F1,F2 | $1.00 | Apr 10, 2018 | J | 41,802 | A | — | Apr 30, 2022 | Common Stock, par value $0.01 per share | 41,802 | 83,604 | D |
| Stock Option (right to buy)F1,F2 | $1.00 | Apr 10, 2018 | J | 47,558 | A | — | May 31, 2022 | Common Stock, par value $0.01 per share | 47,558 | 95,116 | D |
| Stock Option (right to buy)F1,F2 | $1.00 | Apr 10, 2018 | J | 52,559 | A | — | Jul 31, 2022 | Common Stock, par value $0.01 per share | 52,559 | 105,118 | D |
| Stock Option (right to buy)F1,F2 | $2.32 | Apr 10, 2018 | J | 115,000 | A | — | Jan 31, 2023 | Common Stock, par value $0.01 per share | 115,000 | 230,000 | D |
| Stock Option (right to buy)F1,F2 | $2.95 | Apr 10, 2018 | J | 46,000 | A | — | Feb 28, 2023 | Common Stock, par value $0.01 per share | 46,000 | 92,000 | D |
| Stock Option (right to buy)F1,F2 | $3.23 | Apr 10, 2018 | J | 80,500 | A | — | Jun 30, 2023 | Common Stock, par value $0.01 per share | 80,500 | 161,000 | D |
| Stock Option (right to buy)F1,F2 | $3.57 | Apr 10, 2018 | J | 115,902 | A | — | Nov 30, 2023 | Common Stock, par value $0.01 per share | 115,902 | 231,804 | D |
| Stock Option (right to buy)F1,F2 | $4.01 | Apr 10, 2018 | J | 91,850 | A | — | Aug 31, 2024 | Common Stock, par value $0.01 per share | 91,850 | 183,700 | D |
Explanation of responses
- F1The stock options were assigned to the holder by FIG LLC and correspond on a one-to-one basis to the options that were assigned by FIG LLC, such that exercise by the holder would result in the corresponding option held by FIG LLC being cancelled.
- F2Represents the expiration date of the related option of the former manager. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option.