SEC Form 4 · accession 0001179110-17-009079
Creative Media & Community Trust Corp · CMCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Avraham Shemesh
Director · 10% Owner
Period of report
Jun 12, 2017
Accepted (ET)
Jun 14, 2017 · 4:44 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 | Jun 12, 2017 | D | 26,181,818 | $22.00 | D | 56,088,025 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Urban Partners II, LLC sold 26,181,818 shares of common stock to the issuer in a privately negotiated transaction. The reporting person was deemed to have a pecuniary interest in 73,928 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 Urban Partners II, LLC, CIM Service Provider, LLC and The Shemesh Family Trust. CIM Group, LLC is the sole equity member of CIM Service Provider, LLC and the sole manager of CIM Urban Partners GP, LLC, which in turn is the sole managing member of Urban Partners II, LLC. The reporting person, Richard Ressler and Shaul Kuba may be deemed to beneficially own the 55,718,648 shares owned by Urban Partners II, LLC and the 353,944 shares owned by CIM Service Provider, LLC because of their positions with CIM Group, LLC. The reporting person, the grantor of The Shemesh Family Trust, is the indirect beneficial owner of 15,613 shares through the holdings of The Shemesh Family Trust.