SEC Form 4 · accession 0001181431-15-003507
Ares Real Estate Income Trust Inc. · ZARE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Michael Lynch
Officer — President
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 4:09 pm EST
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 StockF2 | Feb 25, 2015 | P | 19,150 | $7.18 | A | 98,122 | D | |
| Class I Common StockF3 | holding | — | — | — | 14,576 | I | Lynch Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 25, 2015, the Reporting Person acquired 19,150.418 restricted stock units ("Advisor RSUs") from Dividend Capital Total Advisors LLC (the "Advisor"). Each Advisor RSU will, upon vesting, be settled in one share of Class I common stock of Dividend Capital Diversified Property Fund Inc. (the "Company"). The Advisor RSUs are subject to specified vesting and settlement provisions and, upon settlement in Class I shares of Company common stock, require offset of compensation otherwise payable from the Advisor to the Reporting Person based on a value of $7.18 per share. The shares reported in this box relate to the 19,150.418 Advisor RSUs granted to the Reporting Person on February 25, 2015.
- F2As of February 27, 2015, 16,365.094 of the shares reported in this box are Class I shares of common stock of the Company and 81,757.253 are shares related to Advisor RSUs.
- F3These shares are held directly by the Lynch Family Trust for which the Reporting Person and his spouse serve as trustees. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.