SEC Form 4 · accession 0001209191-15-049744
IMH Financial Corp · [NONE]
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence D Bain
Officer — CEO · Director
Period of report
Jun 1, 2015
Accepted (ET)
Jun 3, 2015 · 5:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001397403
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01F1 | Jun 1, 2015 | A | 850,000 | — | A | 900,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 1, 2015, the reporting person entered into a Restricted Stock Award Agreement, pursuant to his previously-executed employment agreement, under which he was granted 850,000 shares of restricted common stock vesting ratably over a three-year period beginning on January 1, 2015 and for which the reporting person has full voting rights. This grant was previously disclosed in a Form 8-K filed by the issuer on July 29, 2014. No commission or other remuneration was paid or received by the issuer in connection with this issuance.