SEC Form 4 · accession 0001140361-16-079426

RESOURCE AMERICA, INC. · REXI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Senior Vice President

Period of report

Sep 8, 2016

Accepted (ET)

Sep 12, 2016 · 10:55 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000083402

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	D/I	Nature of ownership
Common Stock^F1	Sep 8, 2016	D	382,267	—	D	D
Common Stock^F1	Sep 8, 2016	D	44,199	—	D	I	By 401(K) Plan Account
Common Stock^F1,F2	Sep 8, 2016	D	100	—	D	I	As UTMA Custodian for Son

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option^F1	$8.14	Sep 8, 2016	D	5,000	D	May 21, 2009	May 21, 2019	Common Stock	5,000	0	D

F1In connection with the merger (the "Merger") of the Issuer with and into Regent Acquisition Inc. ("Regent"), a subsidiary of C-III Capital Partners LLC ("C-III"), pursuant to that certain Agreement and Plan of Merger dated as of May 22, 2016, by and among the Issuer, C-III and Regent, the Reporting Person received $9.78 in cash for each share of common stock and each restricted stock award and deferred stock unit award of the Issuer owned by the Reporting Person. In connection with the Merger, stock options held by the Reporting Person became fully vested (to the extent not vested) and were cancelled and converted into the right to receive an amount in cash equal to the product of (1) the total number of shares of Issuer common stock subject to such option multiplied by (2) the excess, if any, of $9.78 over the exercise price per share of such option. Any option that had an exercise price per share that equaled or exceeded $9.78 was cancelled for no consideration.
F2The reporting person disclaims beneficial ownership of these shares.