4//SEC Filing
Perry Jonathan L 4
Accession 0000925421-20-000050
CIK 0001622353other
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 6:43 PM ET
Size
8.3 KB
Accession
0000925421-20-000050
Insider Transaction Report
Form 4
Perry Jonathan L
EVP, Chief Investment Officer
Transactions
- Award
Common Stock
2020-02-20+9,970→ 63,428 total - Purchase
OC Units
2020-02-20+76,923→ 76,923 totalFrom: 2021-02-20→ Common Stock (76,923 underlying)
Footnotes (4)
- [F1]Mr. Perry received a grant of 9,970 restricted shares of common stock under the Jernigan Capital Inc.'s (the "Issuer") Second Amended and Restated 2015 Equity Incentive Plan. Twenty-five percent (25%) of the shares will vest on each of the first four anniversaries of the grant date.
- [F2]Received in connection with the closing of transactions contemplated by the previously disclosed Asset Purchase Agreement (the "Purchase Agreement"), dated as of December 16, 2019, by and among the Company, Jernigan Capital Operating Company, LLC (the "Operating Company"), JCap Advisors, LLC, Dean Jernigan, John A. Good and Jonathan L. Perry. Upon the closing of the transactions contemplated by the Purchase Agreement, the membership interests that were then outstanding were converted into the right to receive shares of the Issuer's common stock.
- [F3]As of the date immediately prior to the closing of the transactions contemplated by the Purchase Agreement, the last reported sales price of the Issuer's common stock on the New York Stock Exchange was $20.06 per share.
- [F4]Represents units of limited liability company interest ("OC Units") in the Operating Partnership. Beginning on the one-year anniversary of the date of issuance, each OC Unit is redeemable for cash or, at the Issuer's option, exchanged for shares of the Issuer's common stock on a one-for-one basis in lieu of cash. The OC Units have no expiration date.
Documents
Issuer
Jernigan Capital, Inc.
CIK 0001622353
Entity typeother
Related Parties
1- filerCIK 0001707370
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 6:43 PM ET
- Size
- 8.3 KB