SEC Form 4 · accession 0001209191-16-096072
Ares Real Estate Income Trust Inc. · ZARE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Blumberg
Director
Period of report
Feb 4, 2016
Accepted (ET)
Feb 5, 2016 · 6:28 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 StockF1,F2,F3 | Feb 4, 2016 | A | 124,451 | $7.41 | A | 606,193 | I | By Dividend Capital Total Advisors LLC |
| Class I Common StockF2,F3 | Feb 4, 2016 | S | 124,451 | $7.41 | D | 606,193 | I | By Dividend Capital Total Advisors LLC |
| Class I Common Stock | holding | — | — | — | 36,822 | D | ||
| Unclassified Common StockF5,F3 | holding | — | — | — | 20,000 | I | By Dividend Capital Total Advisors LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 4, 2016, Dividend Capital Total Advisors LLC (the "Advisor") acquired 124,451 restricted stock units ("Company RSUs") from Dividend Capital Diversified Property Fund Inc. (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 Company common stock, require offset of advisory fees and expenses otherwise payable from the Company to the Advisor based on a value of $7.41 per share. The shares reported in this box relate to the 124,451 Company RSUs granted on February 4, 2016.
- F2As of February 5, 2016, 20,202 of the shares reported in this box are Class I shares of common stock of the Company and 585,991 are shares related to Company RSUs.
- F3These reported securities are or were owned by 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.
- F4On February 4, 2016, the Advisor granted, in the aggregate, 124,451 restricted stock units ("Advisor RSUs") to certain employees of the Advisor and its affiliates. Each Advisor RSU will, upon vesting, be settled in one share of the Company's Class I common stock. The Advisor 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 compensation otherwise payable from the Advisor to the Reporting Person based on a value of $7.41 per share. The shares reported in this box relate to the 124,451 Advisor RSUs granted on February 4, 2016.
- F5Although these shares are unclassified, they are often referred to as "Class E" common stock.