SEC Form 4 · accession 0001327978-18-000037
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
Apr 5, 2018
Accepted (ET)
Apr 9, 2018 · 5:14 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 StockF1,F2,F3 | Apr 5, 2018 | A | 13,928 | $7.18 | A | 155,579 | I | By Black Creek Diversified Property Advisors LLC |
| Class I Common StockF1,F2,F3 | Apr 5, 2018 | A | 6,750 | $7.41 | A | 155,579 | I | By Black Creek Diversified Property Advisors LLC |
| Class I Common Stock | holding | — | — | — | 309,862 | D | ||
| Class E Common StockF3 | 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
- F1On April 5, 2018, an individual forfeited 20,677.577 restricted stock units ("Advisor RSUs") to Black Creek Diversified Property Advisors LLC (the "Advisor"). Each forfeited Advisor RSU would have, upon vesting, been settled in one share of Class I common stock of Black Creek Diversified Property Fund Inc. (the "Company"). The Advisor RSUs were subject to specified vesting and settlement provisions and, upon settlement in Class I shares of the Company's common stock, required offset of compensation otherwise payable from the Advisor to the individual.
- F2As of April 9, 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.
- 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.