SEC Form 4 · accession 0001670399-17-000001
IMH Financial Corp · [NONE]
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel Montes
Officer — CFO
Period of report
Apr 12, 2017
Accepted (ET)
Apr 13, 2017 · 2:23 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 $0.01 per shareF1 | Apr 12, 2017 | A | 50,000 | $0.00 | A | 61,695 | D | |
| Common Stock, par value $0.01 per shareF2 | Apr 12, 2017 | A | 11,695 | $0.00 | A | 61,695 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 12, 2017, the reporting person entered into a Restricted Stock Award Agreement, pursuant to his employment agreement, under which he was granted 50,000 shares of restricted common stock vesting ratably over a three-year period beginning on April 11, 2017 and for which the reporting person has full voting rights. No commission or other remuneration was paid or received by the issuer in connection with this issuance.
- F2On April 12, 2017, the reporting person entered into a Restricted Stock Award Agreement, pursuant to his employment agreement, under which he was granted 11,695 shares of restricted common stock, 3,898 of which vests on May 31, 2017, 3,898 of which vests on May 31, 2018, the final 3,899 of which vests on May 31, 2019, and for which the reporting person has full voting rights. No commission or other remuneration was paid or received by the issuer in connection with this issuance.