SEC Form 4 · accession 0000899243-18-022220
DigitalBridge Group, Inc. · DBRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P. Traenkle
Officer — Chief Investment Officer
Period of report
Aug 9, 2018
Accepted (ET)
Aug 13, 2018 · 8:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001679688
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Aug 9, 2018 | J | 66,976 | — | A | 921,092 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF2,F3,F5 | — | Aug 9, 2018 | A | 133,952 | A | — | — | Class A Common Stock | 133,952 | 133,952 | I |
| OP UnitsF2,F4,F5 | — | Aug 9, 2018 | J | 66,976 | D | — | — | Class A Common Stock | 66,976 | 66,976 | I |
| OP UnitsF2,F6,F5 | — | Aug 9, 2018 | J | 66,976 | D | — | — | Class A Common Stock | 66,976 | 0 | I |
Explanation of responses
- F1Represents the redemption by limited liability companies controlled by Thomas J. Barrack, Jr. (the "Holdcos") of common membership units ("OP Units") in Colony Capital Operating Company, LLC ("CCOC") allocable to the reporting person for shares of the issuer's Class A Common Stock ("Class A Common Stock") pursuant to the terms of the OP Units described in Note 2 below. Pursuant to the operating agreements of the Holdcos, the shares of Class A Common Stock received in connection with the redemption were distributed by the Holdcos to the reporting person.
- F2Represents OP Units, which are redeemable at the election of the OP Unit holder for (1) cash equal to the market value of an equivalent number of shares of Class A Common Stock or (2) at the option of the issuer in its capacity as the managing member of CCOC, shares of Class A Common Stock on a one-for-one basis. The right to redeem OP Units does not have an expiration date.
- F3The OP Units were acquired in connection with contingent consideration paid in the issuer's predecessor's acquisition of substantially all of its former manager in April 2015, and were allocated to the reporting person.
- F4The OP Units were redeemed for shares of Class A Common Stock pursuant to the terms of the OP Units described in Note 2 above.
- F5The OP Units are held by the Holdcos.
- F6The OP Units were redeemed for cash pursuant to the terms of the OP Units described in Note 2 above.
Remarks
See Exhibit 24 - Power of Attorney