SEC Form 4 · accession 0001140361-18-030172
ESSENTIAL PROPERTIES REALTY TRUST, INC. · EPRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jun 25, 2018
Accepted (ET)
Jun 27, 2018 · 5:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001728951
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Jun 25, 2018 | P | 7,785,611 | $14.00 | A | 7,785,611 | I | by Security Benefit Life Insurance Company |
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 | — | Jun 25, 2018 | P | 1,142,960 | A | — | — | Common Stock | 1,142,960 | 1,142,960 | I |
| OP UnitsF1,F3 | — | holding | — | — | — | — | — | Common Stock | 17,913,592 | 17,913,592 | I |
Explanation of responses
- F1Each OP Unit represents a unit of limited partnership interest in Essential Properties, L.P., the operating partnership through which the Issuer conducts its operations. Each OP Unit is redeemable for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis, beginning one year after the issuance of the OP Units. The OP Units have no expiration date.
- F2These Shares and OP Units are held directly by Security Benefit Life Insurance Company. Eldridge Industries, LLC, as the indirect control person over Security Benefit Life Insurance Company, is deemed to beneficially own the Shares and OP Units held directly by Security Benefit Life Insurance Company. Todd L. Boehly, the indirect controlling member of Eldridge Industries, LLC, may be deemed to have voting and dispositive power with respect to the Shares and OP Units beneficially owned by Eldridge Industries, LLC. Mr. Boehly disclaims beneficial ownership of the Shares and OP Units beneficially owned by Eldridge Industries, LLC, except to the extent of his pecuniary interest therein.
- F3These OP Units are held directly by EPRT Holdings, LLC. EPRT Holdings, LLC is indirectly controlled by Eldridge Industries, LLC. Todd L. Boehly, the indirect controlling member of Eldridge Industries, LLC, may be deemed to have voting and dispositive power with respect to the OP Units beneficially owned by EPRT Holdings, LLC. Mr. Boehly disclaims beneficial ownership of the OP Units held by EPRT Holdings, LLC, except to the extent of his pecuniary interest therein.