SEC Form 4 · accession 0000899243-18-022221
DigitalBridge Group, Inc. · DBRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark M. Hedstrom
Officer — Chief Operating Officer
Period of report
Aug 9, 2018
Accepted (ET)
Aug 13, 2018 · 8:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001679688
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF1,F2,F3 | — | Aug 9, 2018 | A | 108,541 | A | — | — | Class A Common Stock | 108,541 | 2,412,315 | I |
Explanation of responses
- F1Represents common membership units ("OP Units") in Colony Capital Operating Company, LLC ("CCOC"), 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 the issuer's Class A Common Stock ("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.
- F2The 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.
- F3The OP Units are held by limited liability companies controlled by Thomas J. Barrack, Jr. (the "Holdcos"). The reporting person has the right, subject to certain conditions, to require the Holdcos from time to time to redeem the OP Units in accordance with Note 1 above and distribute to the reporting person the shares of Class A Common Stock or cash received upon such redemption.
Remarks
See Exhibit 24 - Power of Attorney