4//SEC Filing
New York REIT, Inc. 4
Accession 0001144204-15-033571
CIK 0001474464operating
Filed
May 26, 8:00 PM ET
Accepted
May 27, 6:03 AM ET
Size
11.0 KB
Accession
0001144204-15-033571
Insider Transaction Report
Form 4
Happel Michael A.
EVP and CIO
Transactions
- Purchase
Common Stock
2015-05-22$9.04/sh+23,000$207,978→ 43,000 total - Other
Operating Partnership Units
2014-04-15+237,733→ 237,733 totalExercise: $0.00→ Common Stock (237,733 underlying)
Holdings
- 20,000(indirect: see footnote)
Common Stock
- 588,614
Operating Partnership Units
→ Common Stock
Footnotes (5)
- [F1]New York Recovery Advisors, LLC (the "Advisor") was entitled to a "profits interest" in the form of Class B Units in the New York Recovery Operating Partnership, L.P. (the "Operating Partnership") in connection with its asset management services. Upon the listing of the issuer's shares of common stock on the New York Stock Exchange on April 15, 2014, each outstanding Class B Unit in the Operating Partnership was converted automatically into one OP Unit.
- [F2]The Advisor, which previously owned the reported securities, is controlled by American Realty Capital III, LLC ("ARC III"). The reporting person directly or indirectly owns equity interests of ARC III. On April 15, 2014, the Advisor subsequently distributed the OP Units pro rata to the members of ARC III. As a result, the reporting person received 237,733 OP units and now owns the OP Units directly. The Advisor no longer holds any OP Units directly.
- [F3]OP Units are exchangeable for cash or, at the option of the Operating Partnership, shares of the Company's common stock on a one-to-one basis. OP Units are exchangeable, except under certain limited circumstances, beginning one year from the date of issuance, which includes the holding period of any units that were converted into OP Units and have no expiration date.
- [F4]Terms of the 588,614 OP Units were previously reported and described on the reporting person's Form 4 filed on December 5, 2014.
- [F5]New York Recovery Limited Partnership, LLC, which owns the reported securities, is controlled by ARC III. The reporting person directly or indirectly owns equity interests in ARC III. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
Documents
Issuer
New York REIT, Inc.
CIK 0001474464
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001474464
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 6:03 AM ET
- Size
- 11.0 KB