SEC Form 4 · accession 0001140361-15-012009
Resource Real Estate Opportunity REIT, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R. Saltzman
Officer — CFO, SVP & Treasurer
Period of report
Mar 16, 2015
Accepted (ET)
Mar 16, 2015 · 4:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001466225
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible StockF1 | — | Mar 16, 2015 | A | 204 | A | — | — | Common Stock | 204 | 804 | D |
Explanation of responses
- F1These Convertible Shares vest 1/3 per year or 3 years beginning March 1, 2016 and have no expiration date. Convertible Shares are automatically convertible into shares of common stock of the issuer upon the occurrence of one of two events (i) they will convert if the issuer has paid distributions to common stockholders such that the aggregate distributions are equal to 100% of the price at which the issuer sold its outstanding shares of common stock plus an amount sufficient to produce a 10% cumulative non-compounded annual return at that price or (ii) they will convert if the issuer lists its shares of common stock on a national securities exchange and on the 31st trading day after listing, the value of the issuer, based on the average trading price of its shares of common stock since the listing plus prior distributions combine to meet the same 10% return threshold for its common stockholders.