Key facts
- This page summarizes Adam D. Portnoy's Form 4 filing for Tremont Mortgage Trust.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 04 Oct 2021, 18:49.
Adam D. Portnoy - 30 Sep 2021 Form 4 Insider Report for Tremont Mortgage Trust
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 30 Sep 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 04 Oct 2021, 18:49:37 UTC
- Prior SEC filing
- 17 Sep 2021
- Next SEC filing
- 14 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Adam D. Portnoy
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Adam D. Portnoy filed Form 4 for Tremont Mortgage Trust on 04 Oct 2021.
Change
- Previous filing in this sequence was filed on 17 Sep 2021.
- 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.
NASDAQTRMT
transaction
Common Shares of Beneficial Interest
Disposed to Issuer
- Transaction value
- $0
- Shares
- -13,500
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Sep 2021
- Ownership
- Direct
- Footnotes
- F1
NASDAQTRMT
transaction
Common Shares of Beneficial Interest
Disposed to Issuer
- Transaction value
- $0
- Shares
- -1,600,100
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 30 Sep 2021
- Ownership
- See Footnote
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Adam D. Portnoy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Disposed of pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 26, 2021, by and between Seven Hills Realty Trust ("SEVN") (f/k/a RMR Mortgage Trust) and the Issuer, in exchange for 6,966 SEVN common shares of beneficial interest having a market value of $10.31 per share on the effective date of the merger of the Issuer with and into SEVN (the "Merger"), based on the closing price of SEVN's common shares of beneficial interest on such effective date.
Footnote F2
Disposed of pursuant to the Merger Agreement in exchange for 825,651 SEVN common shares of beneficial interest having a market value of $10.31 per share on the effective date of the Merger, based on the closing price of SEVN's common shares of beneficial interest on such effective date, plus cash in lieu of fractional shares.
Footnote F3
These shares were held by Tremont Realty Capital LLC ("TRC"). TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is a holder of shares of beneficial interest in, and the sole trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and a director of TRC. ABP Trust, RMR Inc., RMR LLC and Mr. Portnoy may have been deemed to beneficially own the shares owned directly by TRC. Mr. Portnoy disclaimed beneficial ownership of the shares owned by TRC except to the extent of his pecuniary interest therein.