SEC Form 4 · accession 0000899243-19-001282
MedEquities Realty Trust, Inc. · MRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Jan 14, 2019
Accepted (ET)
Jan 16, 2019 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001616314
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jan 14, 2019 | S | 25,000 | $10.50 | D | 1,417,716 | I | Footnotes |
| Common StockF1,F2,F3 | Jan 14, 2019 | S | 10,000 | $10.51 | D | 1,407,716 | I | Footnotes |
| Common StockF1,F2,F3 | Jan 14, 2019 | S | 25,000 | $10.57 | D | 1,382,716 | I | Footnotes |
| Common StockF1,F2,F4 | Jan 15, 2019 | S | 100,000 | $10.70 | D | 1,282,716 | I | Footnotes |
| Common StockF1,F2,F4 | Jan 15, 2019 | S | 25,000 | $10.72 | D | 1,257,716 | I | Footnotes |
| Common StockF1,F2,F4 | Jan 15, 2019 | S | 25,000 | $10.65 | D | 1,232,716 | I | Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The filing of this Form 4 shall not be construed as an admission that BlueMountain Capital Management, LLC ("BMCM") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise the beneficial owner of any of the shares of Common Stock, par value $0.01 per share (the "Common Stock"), of MedEquities Realty Trust, Inc. (the "Issuer"). Pursuant to Rule 16a-1(a)(4) of the Exchange Act, BMCM disclaims such beneficial ownership, except to the extent of its pecuniary interest.
- F2BMCM is the investment manager of Blue Mountain Credit Alternatives Master Fund L.P. ("BMCA"), BlueMountain Guadalupe Peak Fund L.P. ("BMGP"), BlueMountain Credit Opportunities Master Fund I L.P. ("BMCO"), BlueMountain Strategic Credit Master Fund L.P. ("BMSC") and BlueMountain Montenvers Master Fund SCA SICAV-SIF ("BMM" and, together with BMCA, BMGP, BMCO and BMSC, the "Funds"), which are the direct beneficial owners of 1,232,716 shares of Common Stock in the aggregate. BMCM, although it directs the voting and disposition of the Common Stock held by the Funds, only receives an asset-based fee relating to the Common Stock held by the Funds.
- F3On January 14, 2019, BMCA, BMGP, BMCO, BMSC and BMM sold 6,949, 1,554, 6,949, 2,600 and 6,948 shares of Common Stock, respectively, for $10.50 per share, 2,780, 621, 2,779, 1,040 and 2,780 shares of Common Stock, respectively, for $10.51 per share and 6,949, 1,554, 6,949, 2,600 and 6,948 shares of Common Stock, respectively, for $10.57 per share.
- F4On January 15, 2019, BMCA, BMGP, BMCO, BMSC and BMM sold 27,796, 6,215, 27,796, 10,399 and 27,794 shares of Common Stock, respectively, for $10.70 per share, 6,949, 1,554, 6,949, 2,600 and 6,948 shares of Common Stock, respectively, for $10.72 per share and 6,949, 1,554, 6,949, 2,600 and 6,948 shares of Common Stock, respectively, for $10.65 per share.
Remarks
Elliot Mandelbaum, a former employee of BMCM, serves as a member of the board of directors of the Issuer as the representative of BMCM. In connection therewith, BMCM may be deemed to be a director by deputization of the Issuer solely for purposes of Section 16(a) of the Exchange Act. As a result, BMCM is listed a "Reporting Person" in Item 1 and the "Director" box is marked in Item 5 of this Form 4.