SEC Form 4 · accession 0000900440-15-000025
CONDOR HOSPITALITY TRUST, INC. · CDOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J William Blackham III
Officer — CEO · Director
Period of report
Mar 11, 2015
Accepted (ET)
Mar 12, 2015 · 8:35 am 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 Stock | Mar 11, 2015 | M | 227,894 | $1.52 | A | 227,894 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F1 | $1.52 | Mar 11, 2015 | M | 227,894 | A | Mar 2, 2015 | Mar 2, 2018 | Common Stock | 657,894 | 430,000 | D |
Explanation of responses
- F1The Issuer granted the Reporting Person a warrant ("Warrant") to purchase 657,894 shares of common stock at (i) $1.52 per share (the adjusted closing bid price of the common stock on Nasdaq on March 2, 2015) if he purchases at least one-third but not more than one-half of the shares on or prior to March 17, 2015, and (ii) $1.92 per share for shares purchased after March 17, 2015. The Warrant has a three-year term.