SEC Form 4 · accession 0000899243-18-026084
CONDOR HOSPITALITY TRUST, INC. · CDOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
StepStone REP III (GP), LLC
Director · 10% Owner
StepStone Group Real Estate Holdings LLC
Director · 10% Owner
StepStone Group Real Estate LP
Director · 10% Owner
SREP III Flight - Investco, L.P.
Director · 10% Owner
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 5:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000929545
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Oct 1, 2018 | A | 1,793 | $0.00 | A | 2,893,587 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 824 shares and 969 shares of the Issuer's Common Stock issued under the Issuer's 2016 Stock Plan as director fees for board and committee service, as applicable, by Brendan MacDonald and Tom Calahan, respectively, for the quarter ended September 30, 2018. Mr. MacDonald is a member of, and Tom Calahan is employed by, StepStone Group Real Estate Holdings LLC, general manager of StepStone Group Real Estate LP, the sole member and investment manager of StepStone Rep III (GP), LLC, the general partner of SREP III Flight-Investco, L.P. The terms of their employment with StepStone Group Real Estate Holdings LLC provide that all director fees received by each of them are for the sole benefit of SREP III Flight-Investco, L.P. Mr. MacDonald and Mr. Calahan, as representatives of the Reporting Person, are Directors of the Issuer.
- F2(Continued from Footnote 1) For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Person is deemed a Director by Deputization by virtue of its representation on the Board of Directors of the Issuer.
- F3StepStone Group Real Estate Holdings LLC is the general partner of StepStone Group Real Estate LP, the sole member and investment manager of StepStone REP III (GP), LLC, the general partner of SREP III Flight - Investco L.P., the record holder of the shares. Each of the foregoing entities other than SREP III Flight - Investco, L.P. disclaims beneficial ownership of the shares except to the extent of a pecuniary interest therein.