SEC Form 4 · accession 0001140361-16-087275
ACRES Commercial Realty Corp. · ACR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew L Farkas
Director
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 4:51 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 |
|---|---|---|---|---|---|---|---|---|
| 8.50% Series A Cumulative Redeemable Preferred StockF1 | Nov 16, 2016 | P$0 | 21,276 | — | A | 21,276 | D | |
| Common StockF2 | Nov 17, 2016 | P$0 | 21,444 | — | A | 21,444 | D | |
| Common StockF3 | holding | — | — | — | 715,396 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 16, 2016, the reporting person purchased, in multiple transactions, a total of 21,276 shares of 8.50% Series A Cumulative Redeemable Preferred Stock of Resource Capital Corp. ("RSO") at prices ranging from $22.40 to $23.50.
- F2On November 17, 2016, the reporting person purchased, in multiple transactions, a total of 21,444 shares of common stock of RSO at prices ranging from $9.36 to $9.43.
- F3Shares are collectively held by Resource Capital Investor, Inc. and Resource Capital Manager, Inc., each indirect wholly-owned subsidiaries of C-III Capital Partners LLC ("C-III"). C-III is externally managed by Island Capital Group LLC,of which the reporting person is the managing member and thus has investment discretion. The 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.