SEC Form 4 · accession 0000899243-19-001886
ACRES Commercial Realty Corp. · ACR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas C Elliott
Officer — EVP
Period of report
Jan 22, 2019
Accepted (ET)
Jan 24, 2019 · 4:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001332551
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 22, 2019 | A | 9,823 | $0.00 | A | 108,834 | D | |
| Common StockF3 | holding | — | — | — | 187 | I | As UGMA Custodian | |
| Common StockF3 | holding | — | — | — | 187 | I | As UGMA Custodian |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person has been granted 9,823 shares of restricted stock under the Issuer's Amended and Restated Omnibus Equity Compensation Plan. These shares will vest in full over three years, with 33.33% vesting per year beginning on January 22, 2020.
- F233,683 shares remain subject to vesting.
- F3The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.