SEC Form 4 · accession 0001104659-19-009053
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
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 4:31 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 |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF3 | Feb 13, 2019 | M | 445,765 | $0.00 | A | 1,208,446 | D | |
| Common Stock, par value $0.01 per share | Feb 13, 2019 | F | 242,273 | $11.98 | D | 966,173 | D | |
| Common Stock, par value $0.01 per shareF2 | holding | — | — | — | 4,994,736 | I | By Arbor Commercial Mortgage, LLC | |
| Common Stock, par value $0.01 per share | holding | — | — | — | 3,632 | I | By son, Maurice Kaufman | |
| Common Stock, par value $0.01 per share | holding | — | — | — | 1,632 | I | By son, Adam Kaufman under Uniform Gift to Minors Act |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F5 | — | Feb 13, 2019 | M | 445,765 | D | Feb 13, 2019 | — | Common Stock, par value $0.01 per share | 445,765 | 1,251,830 | D |
Explanation of responses
- F1In 2015, Mr. Kaufman was granted up to 445,765 of Restricted Stock Units, which were issuable based on the achievement of certain four-year shareholder return objectives ending December 31, 2018 of Arbor Realty Trust, Inc. (the "Company"). Based on the Company's results, 445,765 Restricted Stock Units vested.
- F2Mr. Kaufman disclaims beneficial ownership of these shares of Common Stock except to the extent of his pecuniary interest therein.
- F3Each Restricted Stock Unit represents the contingent right to receive one share of Common Stock upon vesting of the unit.
- F4Represents shares that have been withheld by the Company to satisfy tax-withholding obligations in connection with the vesting of Mr. Kaufman's Restricted Stock Units.
- F5Not applicable.