SEC Form 5 · accession 0001104659-19-007522
ARBOR REALTY TRUST INC · ABR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ivan Kaufman
Officer — COB, CEO and President · Director · 10% Owner
Period of report
Dec 31, 2018
Accepted (ET)
Feb 12, 2019 · 4:32 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 14, 2018 | G | 125,000 | $0.00 | D | 75,000 | D | |
| Special Voting Preferred Stock, par value $0.01 per shareF2 | holding | — | — | — | 14,739,559 | I | By Arbor Commercial Mortgage, LLC | |
| Special Voting Preferred Stock, par value $0.01 per share | holding | — | — | — | 38,610 | I | By Arbor Management, LLC |
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,F3,F4 | — | Dec 14, 2018 | G | 125,000 | D | Dec 14, 2018 | — | Common Stock, par value $0.01 per share | 125,000 | 75,000 | D |
| Partnership Common UnitsF2,F3,F4 | — | holding | — | — | — | — | — | Not applicable | — | 14,739,559 | I |
| Partnership Common UnitsF3,F4 | — | holding | — | — | — | — | — | Not applicable | — | 38,610 | I |
Explanation of responses
- F1In connection with estate planning, on December 14, 2018, Mr. Kaufman donated 125,000 Partnership Common Units of Arbor Realty Limited Partnership and Special Voting Preferred Shares to a donor - advised fund.
- F2Mr. Kaufman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F3Pursuant to the Partnership Agreement of Arbor Realty Limited Partnership, as amended and restated as of July 14, 2016, each Partnership Common Unit is redeemable at the election of the holder for the cash value of one share of Company's common stock, par value $0.01 per share (the "Common Stock"), which value is generally determined by the average of the daily closing prices for ten (10) consecutive trading days immediately preceding the date of the holder's election of redemption. In lieu of paying a redeeming holder this cash amount, the Company may elect to issue one share of Common Stock for each Partnership Common Unit surrendered for redemption.
- F4Not applicable.