PORTNOY BARRY M. 4
4 · Tremont Mortgage Trust · Filed Sep 19, 2017
Insider Transaction Report
Form 4
PORTNOY BARRY M
Director10% Owner
Transactions
- Award
Common Shares of Beneficial Interest
2017-09-18$20.00/sh+600,000$12,000,000→ 600,100 total(indirect: By LLC)
Footnotes (1)
- [F1]Shares were acquired directly by Tremont Realty Advisors LLC ("TRA") in a private placement transaction at $20.00 per share. All shares reported are held directly by TRA. TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR INC"), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is holder of a majority of the shares of beneficial interest in, and a trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and director of TRA. ABP Trust, RMR INC, RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Each of ABP Trust and Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of its or his pecuniary interest therein.