SEC Form 4 · accession 0001104659-16-145227
Creative Media & Community Trust Corp · CMCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard S Ressler
Director · 10% Owner
Period of report
Sep 14, 2016
Accepted (ET)
Sep 16, 2016 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000908311
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Sep 14, 2016 | D | 3,628,116 | $22.00 | D | 82,254,410 | I | See footnote |
| Common StockF2,F3 | holding | — | — | — | 30,659 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Urban Partners II, LLC sold 3,628,116 shares of common stock to the issuer in a privately negotiated transaction. The reporting person was deemed to have a pecuniary interest in 20,489 of such shares. The reporting person's disposition was approved in accordance with Rule 16b-3(e).
- F2The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3These shares are owned directly by CIM Service Provider, LLC and Urban Partners II, LLC. The reporting person, together with Shaul Kuba and Avraham Shemesh, is a control person of CIM Holdings, Inc., which is the sole managing member of CIM Group, LLC, which is the sole equity member of CIM Service Provider, LLC and the sole managing member of Urban Partners II, LLC. The reporting person, CIM Holdings, Inc. and CIM Group, LLC may be deemed to indirectly beneficially own 353,944 shares through the holdings of CIM Service Provider, LLC and indirectly beneficially own 81,900,466 shares through the holdings of Urban Partners II, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.