Joe F. Hanauer - Dec 7, 2021 Form 4 Insider Report for FT 5969 (MDVA)

Role
Other*
Signature
Joe F. Hanauer
Stock symbol
MDVA
Transactions as of
Dec 7, 2021
Transactions value $
$0
Form type
4
Date filed
12/10/2021, 06:56 PM
Previous filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MDVA COMMON STOCK, CLASS C 6.09K Dec 7, 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 12.4K Dec 7, 2021 Class M OP Units 7.46K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joe F. Hanauer 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.