MARTELLO JOSEPH 4
4 · ARBOR REALTY TRUST INC · Filed Aug 31, 2018
Insider Transaction Report
Form 4
MARTELLO JOSEPH
Director
Transactions
- Disposition to Issuer
Special Voting Preferred Stock, par value $0.01 per share
2018-08-29−366,393→ 82,022 total(indirect: By Trust) - Other
Partnership Common Units
2018-08-29+366,393→ 448,415 total(indirect: By Trust)From: 2018-08-29→ Common Stock, par value $0.01 per share (366,393 underlying) - Disposition to Issuer
Partnership Common Units
2018-08-29−366,393→ 82,022 total(indirect: By Trust)From: 2018-08-29→ Common Stock, par value $0.01 per share (366,393 underlying) - Other
Special Voting Preferred Stock, par value $0.01 per share
2018-08-29+366,393→ 448,415 total(indirect: By Trust)
Footnotes (2)
- [F1]On July 14, 2016, Arbor Realty Limited Partnership, a Delaware limited partnership, issued Partnership Common Units ("OP Units") to Arbor Commercial Mortgage, LLC ("ACM") and, therefore, Arbor Realty Trust, Inc. (the "Company") issued Special Voting Preferred Stock ("Preferred Shares") to ACM. On August 29, 2018, ACM distributed 366,393 OP Units and Preferred Shares with a fair market value of approximately $4.3 million to the reporting person for his respective membership interest. The fair market value was determined using the average closing stock price of the Company from August 16, 2018 through August 29, 2018 of $11.86. In addition, the Company redeemed such distributed shares from the reporting person for cash totaling approximately $4.3 million, which was based on the same $11.86 fair market value described above.
- [F2]Not applicable.