SEC Form 4 · accession 0001209191-17-043979
Apollo Commercial Real Estate Finance, Inc. · ARI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart Rothstein
Officer — President & CEO · Director
Period of report
Jul 3, 2017
Accepted (ET)
Jul 6, 2017 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001467760
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jul 3, 2017 | S | 25,000 | $18.6889 | D | 251,938 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.5800 to $18.7600, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3As of the transaction date, reported amount includes 205,001 restricted stock units ("RSUs") granted under the Apollo Commercial Real Estate Finance, Inc. 2009 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU Award Agreement by and between the reporting person and the issuer, provided the reporting person remains in service through the applicable vesting dates.