IVan Kaufman - May 21, 2021 Form 4 Insider Report for ARBOR REALTY TRUST INC (ABR)

Role
COB, CEO and President, Director, 10%+ Owner
Signature
/s/ Ivan Kaufman
Stock symbol
ABR
Transactions as of
May 21, 2021
Transactions value $
$0
Form type
4
Date filed
5/25/2021, 06:21 PM
Next filing
May 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABR Common Stock, par value $0.01 per share Other $0 -4.01K -0.37% $0.00 1.07M May 21, 2021 Direct F1
transaction ABR Special Voting Preferred Stock, par value $0.01 per share Other -1.19M -10% 10.7M May 24, 2021 By Arbor Commercial Mortgage, LLC F2, F3
holding ABR Common Stock, par value $0.01 per share 3.43M May 21, 2021 By Arbor Commercial Mortgage, LLC F2
holding ABR Common Stock, par value $0.01 per share 3.63K May 21, 2021 By son, Maurice Kaufman
holding ABR Common Stock, par value $0.01 per share 1.63K May 21, 2021 By son, Adam Kaufman

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 ABR Partnership Common Units Other -1.19M -10% 10.7M May 24, 2021 Common Stock, par value $0.01 per share 1.19M By Arbor Commercial Mortgage, LLC F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 21, 2021, the reporting person transferred 4,008 shares of the issuer's stock to Lisa Kaufman in accordance with the terms of a post-nuptial agreement between Mr. and Mrs. Kaufman. The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of these shares for the purpose of Section 16, or for any other purpose.
F2 Mr. Kaufman disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F3 On May 24, 2021, Arbor Commercial Mortgage, LLC ("ACM") distributed 1,190,000 Partnership Common Units ("OP Units") and Special Voting Preferred Stock ("Preferred Shares") with a fair market value of approximately $20.9 million to Lisa Kaufman in consideration of the liquidation of her membership interest in ACM, such liquidation made in accordance with the terms of a post-nuptial agreement between Mr. and Mrs. Kaufman. The fair market value was determined in accordance with ACM's Operating Agreement, using the average closing stock price of Arbor Realty Trust, Inc. (the "Company") from May 19, 2021 through May 21, 2021 of $17.55 per share.
F4 Not applicable.