Raymond E. Wirta - 07 Dec 2021 Form 4 Insider Report for FT 5969

Role
Other*
Signature
/s/ RAY WIRTA
Issuer symbol
N/A
Transactions as of
07 Dec 2021
Net transactions value
$0
Form type
4
Filing time
10 Dec 2021, 18:55:51 UTC
Previous filing
27 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MDVA COMMON STOCK, CLASS C 54,499 07 Dec 2021 Direct

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
holding MDVA Class M OP Units 323,973 07 Dec 2021 Class M OP Units 194,384 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Raymond E. Wirta is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the provisions contained in the third amended and restated limited partnership agreement of Modiv OperatingPartnership, LP, a holder of Class M OP Units that have been outstanding for at least one year may be converted into shares of the issuer's Class C common stock, subject to a reduced conversion ratio if converted prior to December 31, 2023. The Class MOP Units that are held until December 31, 2023 are convertible at an initial conversion ratio of 1.66667 which may increase if certain performance milestones are achieved.
F2 There is no expiration date in connection with the Class M OP Units.

Remarks:

3. Resigned from the Company's board of directors on December 7, 2021 and no longer required to file Form 4 or Form 5.