Fox Marc 4
4 · Ladder Capital Corp · Filed Jun 26, 2020
Insider Transaction Report
Form 4
Fox Marc
Chief Financial Officer
Transactions
- Conversion
Class A Common Stock
2020-06-25+161,670→ 357,755 total - Conversion
Units and Class B Common Stock
2020-06-25−161,670→ 0 total→ Class A Common Stock (161,670 underlying)
Footnotes (2)
- [F1]The reporting person converted 161,670 shares of Class B Common Stock and an equal number of Ladder Capital Finance Holdings LLLP ("LCFH") units into 161,670 shares of Class A Common Stock.
- [F2]Holders of LCFH 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.