Hall Keith D 4
4 · Pacific Oak Strategic Opportunity REIT, Inc. · Filed Mar 31, 2020
Insider Transaction Report
Form 4
Hall Keith D
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2020-03-27+3,411,737→ 3,442,483 total(indirect: By LLC)
Holdings
- 511,927(indirect: By LLC)
Common Stock
Footnotes (4)
- [F1]On March 27, 2020, the Issuer issued 3,411,737 restricted shares of its common stock (the "Restricted Shares") to its former external advisor, KBS Capital Advisors LLC ("KBS") pursuant to a Restricted Stock Agreement, dated as of March 27, 2020 (the "Agreement"). Under the Agreement, the Restricted Shares are nonvested and forfeitable until the earliest of: (i) November 1, 2021 or (ii) immediately before and contingent upon the occurrence of a Change in Control (as defined in the Agreement) of the Issuer. The Restricted Shares will be forfeited prior to vesting if KBS fails to honor certain non-compete, voting, and other requirements set forth in the Agreement.
- [F2]3,411,737 of the shares reported in this box are shares of Restricted Shares.
- [F3]The Reporting Person shares ownership and control of the limited liability company that acquired the reported securities.
- [F4]The Reporting Person shares ownership and control of the limited liability company that acquired the reported securities.