SEC Form 4 · accession 0001209191-16-096080
Ares Real Estate Income Trust Inc. · ZARE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey L Johnson
Officer — Chief Executive Officer
Period of report
Feb 4, 2016
Accepted (ET)
Feb 5, 2016 · 6:31 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 4, 2016 | P | 67,497 | $7.41 | A | 393,000 | D | |
| Class I Common StockF3 | holding | — | — | — | 42,078 | I | By Jeffrey L. Johnson Irrevocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 4, 2016, the Reporting Person acquired 67,497 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 $7.41 per share. The shares reported in this box relate to the 67,497 Advisor RSUs granted to the Reporting Person on February 4, 2016.
- F2As of February 5, 2016, 114,003.563 of the shares reported in this box are Class I shares of common stock of the Company and 278,996.383 are shares related to Advisor RSUs.
- F3These shares are held in a trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the trust. 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.