SEC Form 3 · accession 0000925421-19-000091
ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Evan Zucker
Officer — Chairman
Period of report
Mar 5, 2019
Accepted (ET)
Mar 5, 2019 · 4:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001625941
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 19,253 | I | See Footnote | |
| Common StockF2 | holding | — | — | — | 20,225 | I | By BCI IV Advisors LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Partnership UnitsF3 | — | holding | — | — | — | — | — | Common Stock | — | — | I |
Explanation of responses
- F1The shares indicated in the table as being owned by Mr. Zucker are owned indirectly through a limited liability company.
- F2The shares are owned by BCI IV Advisors LLC (the "Advisor"). The shares reported above as being owned by the Advisor may be attributed to the Reporting Person based upon the fact that the Reporting Person is one of several individuals and/or their affiliates that directly or indirectly controls the Advisor. The Reporting Person disclaims beneficial ownership of the shares held by the Advisor except to the extent of his pecuniary interest therein.
- F371,872 operating partnership units (the "Units") have been issued to BCI IV Advisors Group LLC (the "Sponsor") by BCI IV Operating Partnership LP, a subsidiary of the Issuer (the "Partnership"). The holder of the Units may cause the Partnership to redeem the Units for cash, unless the Issuer's board of directors determines that the redemption of the Units for cash would be prohibited by applicable law or the Issuer's charter, in which case the Units will be redeemed for shares of the Issuer's common stock with an equivalent aggregate net asset value. The Units reported above may be attributed to the Reporting Person based upon the fact that the Reporting Person is one of several individuals and/or their affiliates that directly or indirectly controls the Sponsor. The Reporting Person disclaims beneficial ownership of the Units held by the Sponsor except to the extent of his pecuniary interest therein.
Remarks
Remarks: Please see Exhibit 24.1 for executed power of attorney.