SEC Form 4 · accession 0001088193-17-000006
Parking REIT, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael V Shustek
Officer — President & CEO · Director
Period of report
Dec 15, 2017
Accepted (ET)
Dec 27, 2017 · 6:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001642985
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 15, 2017 | A | 2,400 | — | A | 13,269 | I | Peggy M. Shustek Trust, FBO Andrew M. Shustek |
| Common StockF1,F3 | Dec 15, 2017 | A | 10,869 | — | A | 13,269 | I | MVP Capital Partners LLC |
| Common StockF1,F4 | Dec 15, 2017 | A | 317,382 | — | A | 359,546 | I | Vestin Realty Mortgage II, Inc. |
| Common StockF1,F5 | Dec 15, 2017 | A | 134,875 | — | A | 134,875 | I | Vestin Realty Mortgage I, Inc. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger, dated as May 26, 2017 (the "Merger Agreement"), by and among MVP REIT, Inc., MVP REIT II, Inc. (now known as The Parking REIT, Inc.) and a wholly owned subsidiary of The Parking REIT, Inc., upon the consummation of the merger contemplated by the Merger Agreement (the "Merger") on December 15, 2017, each share of MVP REIT, Inc. common stock held by the reporting person prior to the effective time of the Merger was converted into the right to receive 0.365 of a share of common stock of The Parking REIT, Inc., with cash paid in lieu of any fractional shares as provided in the Merger Agreement.
- F2These shares are held by Peggy M. Shustek Trust, FBO Andrew M. Shustek. Mrs. Shustek is Mr. Shustek's spouse and his son is Andrew Shustek.
- F3These shares are held by MVP Capital Partners LLC, a company wholly owned by Mr. Shustek.
- F4Vestin Realty Mortgage II, Inc. ("VRM II") owns an aggregate of 359,546 shares of the Issuer's common stock. Michael V. Shustek is a director and executive officer of VRM II, and owns 500 shares of VRM II common stock as of the date hereof, which represents approximately 30% of the total outstanding VRM II shares as of the date hereof. Mr. Shustek disclaims beneficial ownership of the Issuer common stock held by VRM II.
- F5Vestin Realty Mortgage I, Inc. ("VRM I") owns an aggregate of 134,875 shares of the Issuer's common stock. Michael V. Shustek is a director and executive officer of VRM I, and owns 156,113 shares of VRM I common stock as of the date hereof, which represents approximately 13% of the total outstanding VRM I shares as of the date hereof. Mr. Shustek disclaims beneficial ownership of the Issuer common stock held by VRM I.