SEC Form 3 · accession 0001571049-15-001075
Rithm Property Trust Inc. · RPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001614806
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 1,671,257 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Partnership UnitsF1 | — | holding | — | — | — | — | — | Common Stock | 624,106 | — | D |
Explanation of responses
- F1Represents limited partnership units of Great Ajax Operating Partnership L.P., ("OP Units"), a subsidiary of Great Ajax Corp. (the "Issuer"). Each OP Unit is redeemable beginning one year after its issuance for cash equal to the fair market value of one share of the Issuer's common stock (determined in accordance with, and subject to adjustment under, the terms of the partnership agreement), except that the Issuer may, at its election, instead redeem each OP Unit so presented for one share of the Issuer's common stock (subject to adjustment under the terms of the partnership agreement). These redemption rights have no expiration date. 453,551 of the OP Units are redeemable beginning on July 8, 2015, 14,555 of the OP Units are redeemable beginning on August 1, 2015 and 156,000 of the OP Units are redeemable beginning on December 16, 2015.