SEC Form 4 · accession 0000899243-19-000504
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
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 4:05 pm EST
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 | Jan 2, 2019 | A | 2,110 | $0.00 | A | 2,895,697 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 1,211 shares of the Issuer's Common Stock issued under the Issuer's 2016 Stock Plan as director fees for board service by Brendan MacDonald for the quarter ended December 31, 2018. Mr. MacDonald is a member of 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 Mr. MacDonald's employment with StepStone Group Real Estate Holdings LLC provide that all director fees received by him is for the sole benefit of SREP III Flight-Investco, L.P. Mr. MacDonald, as a representative of the Reporting Person, is a Director of the Issuer. 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.
- F2Also includes 899 shares of the Issuer's Common Stock as pro-rata portion of shares issued under the Issuer's 2016 Stock Plan as director fees for board and committee service by Tom Calahan, as an employee of StepStone Group Real Estate Holdings LLC for the quarter ended December 31, 2018. Mr. Calahan ceased to be an employee of StepStone Group Real Estate Holdings LLC on November 30, 2018. The terms of Mr. Calahan's employment with StepStone Group Real Estate Holdings LLC provided that all director fees received by him is for the sole benefit of SREP III Flight-Investco, L.P.
- 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.