SEC Form 4 · accession 0001500217-16-000224
American Assets Trust, Inc. · AAT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ernest S Rady
Officer — Chairman, CEO & President · Director · 10% Owner
Period of report
Dec 15, 2016
Accepted (ET)
Dec 15, 2016 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001500217
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,F2 | Dec 15, 2016 | G | 181,805 | $0.00 | D | 176,743 | I | By AAI |
| Common Stock, par value $0.01F3,F4 | Dec 15, 2016 | G | 92,023 | $0.00 | D | 4,865,718 | I | By ERT |
| Common Stock, par value $0.01F5,F6 | Dec 15, 2016 | G | 273,828 | $0.00 | A | 597,341 | I | By RFF |
| Common Stock, par value $0.01F7 | holding | — | — | — | 133,675 | D | ||
| Common Stock, par value $0.01F8 | holding | — | — | — | 624,572 | I | By ICW | |
| Common Stock, par value $0.01F9 | holding | — | — | — | 200,000 | I | By EIC | |
| Common Stock, par value $0.01F10 | holding | — | — | — | 27,000 | I | By ESRT |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents transfer of shares from AAI (as defined below) to the RFF (as defined below).
- F10Represents shares held by Evelyn Shirley Rady Trust U/D/T March 10, 1983 ("ESRT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F2Represents shares held by American Assets, Inc. ("AAI"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F3Represents transfer of shares from ERT (as defined below) to the RFF (as defined below).
- F4Represents shares held by Ernest Rady Trust U/D/T March 10, 1983 ("ERT"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F5Represents transfer of shares from AAI (as defined above) and ERT (as defined above) to the RFF (as defined below).
- F6Represents shares held by Rady Family Foundation dated August 2, 2002 ("RFF"), for which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F7Amount includes (a) 52,500 shares held by Ernest Rady IRA and (b) 81,175 shares of restricted common stock issued pursuant to the American Assets Trust, Inc. and American Assets Trust, L.P. 2011 Equity Incentive Award Plan.
- F8Represents shares held by Insurance Company of the West ("ICW"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- F9Represents shares held by Explorer Insurance Company ("EIC"), which is directly controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.