Key facts
- This page summarizes Mark E. Pasquerilla's Form 4 filing for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST.
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 03 Apr 2024, 12:00.
Mark E. Pasquerilla - 01 Apr 2024 Form 4 Insider Report for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 01 Apr 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Apr 2024, 12:00:08 UTC
- Prior SEC filing
- 07 Jun 2023
- Next SEC filing
- 24 May 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Lisa M. Most (attorney-in-fact)
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Mark E. Pasquerilla filed Form 4 for PENNSYLVANIA REAL ESTATE INVESTMENT TRUST on 03 Apr 2024.
Change
- Previous filing in this sequence was filed on 07 Jun 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PRETQ
transaction
Shares of Beneficial Interest, par value $1.00 per share
Other
- Transaction value
- Shares
- -11,389
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Apr 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3
PRETQ
transaction
Shares of Beneficial Interest, par value $1.00 per share
Other
- Transaction value
- Shares
- -3,679
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Apr 2024
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F4
PRETQ
transaction
Shares of Beneficial Interest, par value $1.00 per share
Other
- Transaction value
- Shares
- -3,461
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 01 Apr 2024
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Mark E. Pasquerilla is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
On December 10, 2023, Pennsylvania Real Estate Investment Trust (the "Issuer") and certain of its direct and indirect affiliates (collectively, with the Issuer, the "Debtors"), filed voluntary petitions under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") to pursue a joint prepackaged chapter 11 plan as contemplated by the Restructuring Support Agreement, dated December 7, 2023. On January 23, 2024, the Bankruptcy Court entered an order confirming the Modified Joint Prepackaged Chapter 11 Plan of Reorganization of Pennsylvania Real Estate Investment Trust and Its Debtor-Affiliates (the "Plan") of the Debtors. On April 1, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.
Footnote F2
On the Effective Date, all classes of preferred and common securities issued by the Company, namely the Company's prior Shares of Beneficial Interest, par value $1.00 per share (the "Common Shares"), including any remaining outstanding restricted share units, performance-based restricted share units, options, warrants, rights, or other securities or agreements to acquire such Common Shares, Series B Preferred Shares, par value $0.01 per share, Series C Preferred Shares, par value $0.01 per share, and Series D Preferred Shares, par value $0.01 per share, were automatically cancelled and extinguished as of the Effective Date. The limited partnership units in the operating partnership of PREIT Associates, L.P. not owned by the Issuer were also cancelled on the Effective Date.
Footnote F3
As of the Effective Date, holders of Common Shares received, or will receive shortly after the Effective Date, their pro rata share of a gift of $10 million in cash. Holders of Common Shares are to receive $0.55624252 per share.
Footnote F4
Held by Marenrico Partnership, an entity controlled by Mr. Pasquerilla.
Footnote F5
Held by Pasquerilla Enterprises LP, an entity controlled by Mr. Pasquerilla.