SEC Form 4 · accession 0001104659-17-075041
ARBOR REALTY TRUST INC · ABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
ARBOR COMMERCIAL MORTGAGE LLC
10% Owner
Period of report
Dec 26, 2017
Accepted (ET)
Dec 26, 2017 · 4:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001253986
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Special Voting Preferred Stock, par value $0.01 per shareF1 | Dec 26, 2017 | J | 5,780,348 | $0.00 | D | 15,450,421 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Partnership Common UnitsF1,F2 | — | Dec 26, 2017 | J | 5,780,348 | D | Dec 26, 2017 | — | Common Stock, par value $0.01 per share | 5,780,348 | 15,450,421 | D |
Explanation of responses
- F1On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership ("ARLP") issued 21,230,769 Partnership Common Units to Arbor Commercial Mortgage, LLC ("ACM") and therefore, Arbor Realty Trust, Inc. (the "Company") issued the same number of shares of Special Voting Preferred Stock to ACM. On December 26, 2017, for no consideration and on a pro rata basis, ACM distributed 5,780,348 shares with a fair market value of approximately $50.0 million to its partners. The fair market value was determined using the closing stock price of the Company on December 20, 2017 of $8.65.
- F2Not applicable.