SEC Form 4 · accession 0001104659-17-046583
Monogram Residential Trust, Inc. · MORE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert S Aisner
Director
Period of report
Jan 2, 2017
Accepted (ET)
Jul 24, 2017 · 7:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001384710
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 2, 2017 | P$0 | 2,697 | — | A | 31,742 | D | |
| Common StockF3 | Jan 2, 2017 | J | 20,098 | — | D | 0 | I | Through Behringer Harvard Holdings, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible StockF4,F6,F7,F8 | — | Jan 2, 2017 | J | 1,000 | D | — | — | Common Stock | — | 0 | I |
Explanation of responses
- F1The reporting person acquired these securities as part of the consideration paid for redemption of his membership interests in Behringer Harvard Holdings, LLC.
- F2As of February 1, 2017, 8,835 of the shares reported in this box are shares of common stock of Monogram Residential Trust, Inc. and 22,906.945 are shares related to restricted stock units awarded to the reporting person that are subject to specified vesting and settlement provisions.
- F3As a result of the redemption of his membership interests in and retirement from Behringer Harvard Holdings, LLC, the reporting person is no longer deemed a beneficial owner of these securities. At the time of Mr. Aisner's retirement and redemption of his membership interests in Behringer Harvard Holdings, LLC, Behringer Harvard Holdings, LLC owned 20,098 shares of Monogram Financial Trust common stock. The value as of the date of his retirement was $10.73 per share, based on the closing price on January 3, 2017, the next following trading day.
- F4There is no exercise price for conversion of the reported securities.
- F5As a result of the redemption of his membership interests in and retirement from Behringer Harvard Holdings, LLC, whicn owns and controls directly 100% of the sole general partner and owns and controls indirectly 100% of the sole limited partner of Behringer Harvard Multifamily Advisors I LP, the reporting person is no longer deemed a beneficial owner of these securities.
- F6These securities shall become convertible: (i) upon termination of the Advisory Management Agreement entered into between Behringer Harvard Multifamily Advisors I LP (the "Advisor") and Monogram Residential Trust, Inc. (the "Company"); (ii) if the Company has paid distributions to common stockholders such that aggregate distributions are equal to 100% of the price at which the Company sold its outstanding shares of common stock plus an amount sufficient to produce a 7% cumulative, non-compounded, annual return at that price; or (iii) the listing of the common stock for trading on a national securities exchange.
- F7Other than upon termination or expiration without renewal of the Advisory Management Agreement with the Advisor by the Company because of a material breach by the Advisor, there is no expiration date on these outstanding reportable securities becoming convertible.
- F8The number of shares of common stock into which these reported securities shall become convertible shall be determined at the time of conversion pursuant to the terms of the convertible shares. The terms of the convertible changed on September 3, 2008 pursuant to Articles Supplementary to the Company's charter filed by the Company on such date.