Eldridge Industries, LLC 4
4 · ESSENTIAL PROPERTIES REALTY TRUST, INC. · Filed Jul 19, 2019
Insider Transaction Report
Form 4
Eldridge Industries, LLC
10% Owner
Transactions
- Other
OP Units
2019-07-17−553,847→ 17,359,745 total(indirect: By LLC)→ Common Stock (553,847 underlying)
Holdings
- 1,142,960(indirect: By Security Benefit Life Insurance Company)
OP Units
→ Common Stock (1,142,960 underlying)
Footnotes (4)
- [F1]Each OP Unit represents a unit of limited partnership interest in Essential Properties, L.P., the operating partnership through which Essential Properties Realty Trust, Inc. (the "Issuer") conducts its operations. Each OP Unit is redeemable for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis. The OP Units have no expiration date.
- [F2]This transaction represents an in-kind distribution of OP Units of the Issuer by EPRT Holdings, LLC ("EPRT") to certain members of EPRT in exchange for the redemption of such members' interests in EPRT.
- [F3]These OP Units are held directly by EPRT. EPRT is indirectly controlled by Eldridge Industries, LLC ("Eldridge"). Todd L. Boehly, the indirect controlling member of Eldridge, may be deemed to have voting and dispositive power with respect to the OP Units beneficially owned by EPRT and Eldridge. Mr. Boehly disclaims beneficial ownership of the OP Units held by EPRT, except to the extent of his pecuniary interest therein.
- [F4]These OP Units are held directly by Security Benefit Life Insurance Company ("SBL"). Eldridge, as the indirect control person of SBL, is deemed to beneficially own the OP Units held directly by SBL. Todd L. Boehly, the indirect controlling member of Eldridge, may be deemed to have voting and dispositive power with respect to the OP Units beneficially owned by Eldridge. Mr. Boehly disclaims beneficial ownership of the OP Units beneficially owned by Eldridge, except to the extent of his pecuniary interest therein.