4//SEC Filing
TowerBrook Investors, Ltd. 4
Accession 0001104659-17-014089
CIK 0001577670other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 4:52 PM ET
Size
26.3 KB
Accession
0001104659-17-014089
Insider Transaction Report
Form 4
TowerBrook Investors, Ltd.
10% Owner
Transactions
- Sale
Class A Common Stock
2017-03-03$13.59/sh−1,117,326$15,184,460→ 4,980,430 total(indirect: See Footnotes) - Conversion
Class A Common Stock
2017-03-01+1,117,326→ 6,097,756 total(indirect: See Footnotes) - Sale
Class A Common Stock
2017-03-03$13.59/sh−674,843$9,171,116→ 4,305,587 total(indirect: See Footnotes) - Conversion
Units and Class B Common Stock
2017-03-01−1,117,326→ 7,159,791 total(indirect: See Footnotes)Exercise: $0.00→ Class A Common Stock (1,117,326 underlying)
Transactions
- Sale
Class A Common Stock
2017-03-03$13.59/sh−1,117,326$15,184,460→ 4,980,430 total(indirect: See Footnotes) - Conversion
Class A Common Stock
2017-03-01+1,117,326→ 6,097,756 total(indirect: See Footnotes) - Conversion
Units and Class B Common Stock
2017-03-01−1,117,326→ 7,159,791 total(indirect: See Footnotes)Exercise: $0.00→ Class A Common Stock (1,117,326 underlying) - Sale
Class A Common Stock
2017-03-03$13.59/sh−674,843$9,171,116→ 4,305,587 total(indirect: See Footnotes)
TI II Ladder Holdings, LLC
10% Owner
Transactions
- Sale
Class A Common Stock
2017-03-03$13.59/sh−674,843$9,171,116→ 4,305,587 total(indirect: See Footnotes) - Sale
Class A Common Stock
2017-03-03$13.59/sh−1,117,326$15,184,460→ 4,980,430 total(indirect: See Footnotes) - Conversion
Class A Common Stock
2017-03-01+1,117,326→ 6,097,756 total(indirect: See Footnotes) - Conversion
Units and Class B Common Stock
2017-03-01−1,117,326→ 7,159,791 total(indirect: See Footnotes)Exercise: $0.00→ Class A Common Stock (1,117,326 underlying)
TowerBrook Investors II AIV, L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
2017-03-03$13.59/sh−1,117,326$15,184,460→ 4,980,430 total(indirect: See Footnotes) - Conversion
Units and Class B Common Stock
2017-03-01−1,117,326→ 7,159,791 total(indirect: See Footnotes)Exercise: $0.00→ Class A Common Stock (1,117,326 underlying) - Sale
Class A Common Stock
2017-03-03$13.59/sh−674,843$9,171,116→ 4,305,587 total(indirect: See Footnotes) - Conversion
Class A Common Stock
2017-03-01+1,117,326→ 6,097,756 total(indirect: See Footnotes)
TowerBrook Investors GP II, L.P.
10% Owner
Transactions
- Sale
Class A Common Stock
2017-03-03$13.59/sh−674,843$9,171,116→ 4,305,587 total(indirect: See Footnotes) - Conversion
Class A Common Stock
2017-03-01+1,117,326→ 6,097,756 total(indirect: See Footnotes) - Conversion
Units and Class B Common Stock
2017-03-01−1,117,326→ 7,159,791 total(indirect: See Footnotes)Exercise: $0.00→ Class A Common Stock (1,117,326 underlying) - Sale
Class A Common Stock
2017-03-03$13.59/sh−1,117,326$15,184,460→ 4,980,430 total(indirect: See Footnotes)
TOWERBROOK INVESTORS II LP
10% Owner
Transactions
- Sale
Class A Common Stock
2017-03-03$13.59/sh−674,843$9,171,116→ 4,305,587 total(indirect: See Footnotes) - Conversion
Class A Common Stock
2017-03-01+1,117,326→ 6,097,756 total(indirect: See Footnotes) - Conversion
Units and Class B Common Stock
2017-03-01−1,117,326→ 7,159,791 total(indirect: See Footnotes)Exercise: $0.00→ Class A Common Stock (1,117,326 underlying) - Sale
Class A Common Stock
2017-03-03$13.59/sh−1,117,326$15,184,460→ 4,980,430 total(indirect: See Footnotes)
MOSZKOWSKI NEAL
10% Owner
Transactions
- Conversion
Class A Common Stock
2017-03-01+1,117,326→ 6,097,756 total(indirect: See Footnotes) - Sale
Class A Common Stock
2017-03-03$13.59/sh−674,843$9,171,116→ 4,305,587 total(indirect: See Footnotes) - Sale
Class A Common Stock
2017-03-03$13.59/sh−1,117,326$15,184,460→ 4,980,430 total(indirect: See Footnotes) - Conversion
Units and Class B Common Stock
2017-03-01−1,117,326→ 7,159,791 total(indirect: See Footnotes)Exercise: $0.00→ Class A Common Stock (1,117,326 underlying)
SOUSOU RAMEZ
10% Owner
Transactions
- Sale
Class A Common Stock
2017-03-03$13.59/sh−674,843$9,171,116→ 4,305,587 total(indirect: See Footnotes) - Conversion
Units and Class B Common Stock
2017-03-01−1,117,326→ 7,159,791 total(indirect: See Footnotes)Exercise: $0.00→ Class A Common Stock (1,117,326 underlying) - Conversion
Class A Common Stock
2017-03-01+1,117,326→ 6,097,756 total(indirect: See Footnotes) - Sale
Class A Common Stock
2017-03-03$13.59/sh−1,117,326$15,184,460→ 4,980,430 total(indirect: See Footnotes)
Footnotes (7)
- [F1]In addition to TowerBrook Investors Ltd., a Cayman Island company limited by shares ("TowerBrook"), this Form 4 is being filed jointly by TowerBrook Investors GP II, L.P. a Cayman Island exempt limited partnership ("Fund II GP"), TowerBrook Investors II, L.P., a Cayman Island exempt limited partnership ("Fund II"), TowerBrook Investors II AIV, L.P., a Cayman Island exempt limited partnership ("AIV II"), TowerBrook Investors II Executive Fund, L.P., a Cayman Island exempt limited partnership ("Executive Fund II"), TI II Ladder Holdings, LLC, a Delaware limited liability company ("TI Holdings" and together with TowerBrook, Fund II GP, Fund II, AIV II and Executive Fund II, the "TowerBrook Entities"), Neal Moszkowski, a citizen of the United States of America and Ramez Sousou, a citizen of the United Kingdom (collectively, the "Reporting Persons").
- [F2]The TowerBrook Entities and Neal Moszkowski have the same business address as TowerBrook. The business address of Ramez Sousou is Kinnaird House, 1 Pall Mall East London, SW1Y5HAU, U.K.
- [F3]In connection with the February 2017 Equity Sale (as defined herein), on March 1, 2017, TI Holdings exchanged 1,117,326 shares of Class B Common Stock (the "Class B Common Stock") of Ladder Capital Corp. ("LCC") and units of Series REIT and Series TRS of Ladder Capital Finance Holdings LLLP (the "Units") into 1,117,326 shares of Class A Common Stock (the "Class A Common Stock") of LCC (the "Exchange"). No cash or other consideration was exchanged in connection with the Exchange. The exchange right has no expiration date.
- [F4]Includes 1,117,326 shares of Class A Common Stock held by TI Holdings and 4,980,430 shares of Class A Common Stock held by AIV II, in each case following the Exchange.
- [F5]On February 27, 2017, LCC, Related Real Estate Fund II, L.P. ("Related"), which is an affiliate of The Related Companies, L.P., and certain pre-IPO stockholders of LCC, including AIV II and TI Holdings, entered into a Stock Purchase Agreement, pursuant to which Related agreed to purchase (the "February 2017 Equity Sale") $80.0 million of Ladder's Class A common stock (the "Shares") from the pre-IPO stockholders, including AIV II and TI Holdings. The investment was made by a wholly owned subsidiary of Related. The February 2017 Equity Sale closed on March 3, 2017.
- [F6]Following the February 2017 Equity Sale, AIV II directly owns 4,305,587 shares of Class A Common Stock and no other securities of LCC. AIV II is controlled by its general partner, Fund II GP, and Fund II GP is controlled by its sole general partner, TowerBrook. As a result, TowerBrook may be deemed to beneficially own the 4,305,587 shares of Class A Common Stock owned by AIV II. As directors and the joint controlling shareholders of TowerBrook, Neal Moszkowski and Ramez Sousou have exclusive decision making authority with respect to such shares and may be deemed to be the beneficial owner of the securities reported on this Form 4 (for purposes of Rule 16a-1(a)).
- [F7]Following the February 2017 Equity Sale, TI Holdings directly owns 7,159,791 Units and shares of Class B Common Stock and no other securities of LCC. TI Holdings is jointly controlled by Fund II and Executive Fund II, each of which is controlled by its general partner, Fund II GP, which is controlled by its sole general partner, TowerBrook. As a result, TowerBrook may be deemed to beneficially own the 7,159,791 Units and shares of Class B Common Stock owned by TI Holdings. As directors and the joint controlling shareholders of TowerBrook, Neal Moszkowski and Ramez Sousou have exclusive decision making authority with respect to such shares and may be deemed to be the beneficial owner of the securities reported on this Form 4 (for purposes of Rule 16a-1(a)).
Documents
Issuer
Ladder Capital Corp
CIK 0001577670
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001599448
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 4:52 PM ET
- Size
- 26.3 KB