SEC Form 4 · accession 0001557239-17-000003
Wheeler Real Estate Investment Trust, Inc. · WHLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon S Wheeler
Officer — CEO & Chairman · Director
Period of report
Mar 24, 2017
Accepted (ET)
Mar 27, 2017 · 7:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001527541
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 24, 2017 | P | 47,000 | $1.71 | A | 96,547 | I | Held in profit sharing plan |
| Common Stock | holding | — | — | — | 821,419 | D | ||
| Common Stock | holding | — | — | — | 31,680 | I | Owned by spouse | |
| Common Stock | holding | — | — | — | 2,572 | I | Controlled through interests in other entities | |
| Common Stock | holding | — | — | — | 1,600 | I | Held by dependent child | |
| Common Stock | holding | — | — | — | 7,541 | I | Held by trusts in the names of dependent children |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 1,585,819 | 1,585,819 | D |
| Common UnitsF1,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 330,542 | 330,542 | I |
| Common UnitsF1,F4,F3 | — | holding | — | — | — | — | — | Common Stock | 65,292 | 65,292 | I |
| Common UnitsF1,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 3,123 | 3,123 | I |
| Common UnitsF1,F2,F3 | — | holding | — | — | — | — | — | Common Stock | 31,234 | 31,234 | I |
Explanation of responses
- F1Pursuant to the Partnership Agreement of Wheeler REIT, L.P. (the "Partnership"), holders of the Partnership, may, after a one year holding period, elect to exchange their common units for common stock of Wheeler Real Estate Investment Trust, Inc. (the "Company") on an one-for-one basis. Upon a redemption request, the Company has the option to purchase the common units directly, either in cash or common stock of the Company.
- F2These common units have been held for one year and therefore may be redeemed in accordance with the Partnership Agreement.
- F3These derivative securities do not have an expiration date.
- F4These common units have been held for less than one year and therefore may not be currently exchanged.