SEC Form 4 · accession 0001140361-18-004473
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
Jan 31, 2018
Accepted (ET)
Feb 1, 2018 · 4:29 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 | Jan 31, 2018 | J | 21,276 | $25.00 | D | 0 | D | |
| Common StockF2 | holding | — | — | — | 80,870 | D | ||
| Common StockF3 | holding | — | — | — | 766,718 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The issuer redeemed all of its issued and outstanding 8.50% Series A Cumulative Redeemable Preferred Stock for $25 per share on January 31, 2018.
- F235,657 shares remain subject to vesting.
- 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, through which the reporting person, as a principal, 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 of purposes of Section 16 or for any other purposes.