StepStone Group Real Estate Holdings LLC - Jul 29, 2021 Form 4 Insider Report for CONDOR HOSPITALITY TRUST, INC. (CDOR)

Signature
StepStone Group Real Estate Holdings LLC, by its partner Brendan MacDonald, /s/ Brendan MacDonald
Stock symbol
CDOR
Transactions as of
Jul 29, 2021
Transactions value $
$0
Form type
4
Date filed
8/2/2021, 04:33 PM
Previous filing
Jul 6, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CDOR Common Stock Options Exercise $0 +1.27M +43.58% $0.00 4.18M Jul 29, 2021 See Footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CDOR Series E Cumulative Convertible Preferred Stock Options Exercise -437K -100% 0 Jul 29, 2021 Common Stock See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of the Issuer's common stock issued pursuant to exercise of put right by SREP III Flight-Investco, L.P to require the Issuer to redeem all 437,262 shares of the Series E Cumulative Convertible Preferred Stock (the "Series E Shares") held by SREP III Flight-Investco, L.P at a value per share equal to 130% of the $10 liquidation preference of the Series E Shares, plus accrued and unpaid dividends, on July 29, 2021, pursuant to the terms of the Series E Shares.
F2 StepStone 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 of the Issuer's common stock except to the extent of a pecuniary interest therein.