Kelly Eppich - Jun 25, 2021 Form 4 Insider Report for CIM Commercial Trust Corp (CMCT)

Role
Director
Signature
/s/ David Thompson, attorney in fact
Stock symbol
CMCT
Transactions as of
Jun 25, 2021
Transactions value $
$215,081
Form type
4
Date filed
6/29/2021, 08:16 PM
Previous filing
May 7, 2021
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMCT Common Stock Exercise of out-of-the-money derivative security $215K +23.3K +100% $9.25 46.5K Jun 25, 2021 Direct 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 CMCT Subscription Rights (right to buy) Exercise of out-of-the-money derivative security $0 -23.3K -100% $0.00* 0 Jun 25, 2021 Common Stock 23.3K $9.25 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 TOn June 10, 2021, the issuer commenced a rights offering pursuant to which the issuer distributed non transferable subscription rights (the "Subscription Rights") to holders of record of its common stock as of 4:00 p.m., New York Time, on June 11, 2021. Each eligible recordholder received one Subscription Right for each share of common stock held of record by such holder as of the record date. Each Subscription Right entitled its holder, subject to certain limitations and conditions, to purchase one share of common stock at a subscription price of $9.25 per share. Holders of Subscription Rights that exercised in full such basic subscription rights were entitled, subject to certain limitations and conditions, to oversubscribe for additional shares of common stock that remained unsubscribed for in the rights offering. The rights offering expired on June 23, 2021 and the Company announced the results of the offering on June 25, 2021.
F2 The reporting person exercised in full his Subscription Rights.