SEC Form 3 · accession 0001046633-18-000005
Ares Real Estate Income Trust Inc. · ZARE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R Mulvihill
Director
Period of report
Oct 11, 2018
Accepted (ET)
Oct 17, 2018 · 1:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001327978
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class I Common Stock | holding | — | — | — | 36,810 | I | By Mulvihill Family LLC | |
| Class I Common Stock | holding | — | — | — | 148,318 | I | By James R. Mulvihill 2012 Irrevocable Trust | |
| Class I Common StockF1,F2 | holding | — | — | — | 155,579 | I | By Black Creek Diversified Property Advisors LLC | |
| Class E Common StockF2 | holding | — | — | — | 20,000 | I | By Black Creek Diversified Property Advisors LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As of October 11, 2018, 98,625.297 of the shares reported in this box are Class I shares of common stock of the Company and 56,954.000 are shares related to restricted stock units ("Company RSUs") from the Company. Each Company RSU will, upon vesting, be settled in one share of the Company's Class I common stock. The Company RSUs are subject to specified vesting and settlement provisions and, upon settlement in Class I shares of the Company's common stock, require offset of advisory fees and expenses otherwise payable from the Company to the Advisor.
- F2These reported securities are or were owned by the Black Creek Diversified Property Advisors LLC (the "Advisor"). The securities reported above may be attributed to the Reporting Person based upon the fact that the Reporting Person is one of several individuals and/or their affiliates that directly or indirectly controls the Advisor. The Reporting Person disclaims beneficial ownership of the reported securities held by the Advisor except to the extent of his pecuniary interest therein.
Remarks
Mr. Mulvihill exited insider status when he was no longer a 10% holder, but has now re-entered insider status upon election as a director. As such, this Form 3 is being filed. Additionally, please see Exhibit 24.1 for executed power of attorney.