Harney Thomas 4
4 · Ladder Capital Corp · Filed Dec 29, 2017
Insider Transaction Report
Form 4
Harney Thomas
Head-Merchant Banking & Cap Mk
Transactions
- Conversion
Class A Common Stock
2017-12-27+224,299→ 456,506 total - Conversion
Units and Class B Common Stock
2017-12-27−224,299→ 0 total→ Class A Common Stock (224,299 underlying)
Footnotes (2)
- [F1]The reporting person converted 224,299 shares of Class B Common Stock ("Class B Common Stock") of Ladder Capital Corp ("LCC") and units of Series REIT and Series TRS of Ladder Capital Finance Holdings LLLP ("units") into 224,299 shares of Class A Common Stock ("Class A Common Stock") of LCC (the "Conversion"). No cash or other consideration was exchanged in connection with the Conversion.
- [F2]Holders of units and Class B Common Stock may from time to time exchange such units paired with an equal number of shares of Class B Common Stock for shares of Class A Common Stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends, and reclassifications. The units and Class B Common Stock together are convertible at the holder's election at any time, and the conversion right has no expiration date.