4//SEC Filing
REAL ESTATE STRATEGIES LP 4
Accession 0000899243-18-019310
CIK 0000929545other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 6:16 PM ET
Size
11.9 KB
Accession
0000899243-18-019310
Insider Transaction Report
Form 4
REAL ESTATE STRATEGIES LP
10% Owner
Transactions
- Other
Common Stock
2018-06-29−2,197,023→ 1,092,513 total - Other
Convertible Note
2018-06-29Exercise: $10.40From: 2016-03-16→ Common Stock (64,964 underlying) - Other
Series E Cumulative Convertible Preferred Stock
2018-06-29−325,752→ 161,986 totalExercise: $13.84From: 2019-02-28→ Common Stock (235,285 underlying)
Footnotes (4)
- [F1]Represents a pro rata in-kind distribution of securities of Condor Hospitality Trust, Inc. (the "Issuer") by Real Estate Strategies L.P. ("RES") to one of its partners, Real Estate Investment Group VII L.P., including shares of Common Stock, shares of Series E Cumulative Convertible Preferred Stock and an interest in the convertible note issued to RES on March 16, 2016. Real Estate Investment Group VII L.P. is a limited partnership wholly-owned by Efanur S.A. ("Efanur") and Jiwin S.A. ("Jiwin"), each of which is a wholly-owned subsidiary of IRSA Inversiones y Representaciones Sociedad Anonima ("IRSA"). These securities continue to be indirectly beneficially owned by each of Efanur, Jiwin and IRSA, which had previously indirectly beneficially owned these securities while held by RES. Real Estate Investment Group VII L.P. is separately filing a Form 3 to report its beneficial ownership over these securities of the Issuer.
- [F2]Members of the board of directors of the Issuer were designated by contractual right by Real Estate Strategies, LP, and as a result, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons are deemed to be directors of the Issuer by deputization.
- [F3]The Series E Cumulative Convertible Preferred Stock does not have an expiration date. Each share of Series E Preferred Stock is convertible, at the option of the holder, at any time on or after February 28, 2019, into a number of shares of common stock determined by dividing the conversion price of $13.845 into an amount equal to the $10.00 face value per share plus accrued and unpaid dividends, if any.
- [F4]Amounts under the convertible note are payable by the Issuer in full on any redemption repayment date of the Series E Cumulative Convertible Preferred Stock or, to the extent the Series E Cumulative Convertible Preferred Stock is redeemed only in part, a pro rata percentage of the convertible note is payable on such date, with the remainder of the note to remain outstanding.
Documents
Issuer
CONDOR HOSPITALITY TRUST, INC.
CIK 0000929545
Entity typeother
Related Parties
1- filerCIK 0001541641
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 6:16 PM ET
- Size
- 11.9 KB