SEC Form 4 · accession 0001104659-18-054828
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
Aug 29, 2018
Accepted (ET)
Aug 31, 2018 · 5:05 pm EDT
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 | Aug 29, 2018 | J | 577,185 | — | D | 14,873,236 | 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 | — | Aug 29, 2018 | J | 577,185 | D | Aug 29, 2018 | — | Common Stock, par value $0.01 per share | 577,185 | 14,873,236 | D |
Explanation of responses
- F1On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued Partnership Common Units (''OP Units'') to Arbor Commercial Mortgage, LLC ("ACM") and, therefore, Arbor Realty Trust, Inc. (the "Company") issued Special Voting Preferred Stock (''Preferred Shares'') to ACM. On August 29, 2018, ACM distributed 577,185 OP Units and Preferred Shares with a fair market value of approximately $6.8 million to two of its partners in consideration for their respective membership interests. The fair market value was determined using the average closing stock price of the Company from August 16, 2018 through August 29, 2018 of $11.86.
- F2Not applicable.