Bryant John Hope 4
4 · Ares Commercial Real Estate Corp · Filed Feb 14, 2013
Insider Transaction Report
Form 4
Bryant John Hope
Director
Transactions
- Purchase
Common Stock
2013-01-10$17.03/sh+13.141$224→ 6,088.274 total
Footnotes (3)
- [F1]The reporting person is hereby disclosing a delinquent Form 4 transaction.
- [F2]Inadvertent purchase not directed by the reporting person of 13.141 shares of the issuer's Common Stock at $17.0291 per share through an automatic broker-administered dividend reinvestment plan. This purchase constituted a "matching" transaction under Section 16(b) of the Securities Exchange Act of 1934, as amended, with the reporting person's sales of 304 shares of the issuer's Common Stock on July 30, 2012 and 650 shares of the issuer's Common Stock on October 23, 2012. These purchase and sale transactions did not result in a short swing profit because the January 10, 2013 purchase price was greater than any of the matchable sale prices, and as a result no disgorgement to the issuer is required of the reporting person. The dividend reinvestment feature of the reporting person's account has since been removed.
- [F3]Includes shares of restricted stock granted pursuant to the issuer's 2012 Equity Incentive Plan still subject to vesting as disclosed on a Form 4 filed by the reporting person on May 1, 2012.