SEC Form 4 · accession 0001104659-19-002764
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
Jan 17, 2019
Accepted (ET)
Jan 22, 2019 · 5:02 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 | Jan 17, 2019 | J | 133,677 | — | D | 14,739,559 | 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 | — | Jan 17, 2019 | J | 133,677 | D | Jan 17, 2019 | — | Common Stock, par value $0.01 per share | 133,677 | 14,739,559 | 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 January 17, 2019, ACM distributed 133,677 OP Units and Preferred Shares with a fair market value of approximately $1.5 million to one of its partners in consideration for the respective membership interest. The fair market value was determined using the closing stock price of the Company on January 16, 2019 of $11.35.
- F2Not applicable.