4//SEC Filing
CIM Service Provider, LLC 4
Accession 0001179110-21-007148
CIK 0000908311other
Filed
Jun 28, 8:00 PM ET
Accepted
Jun 29, 8:01 PM ET
Size
8.2 KB
Accession
0001179110-21-007148
Insider Transaction Report
Form 4
Transactions
- Exercise Out-of-Money
Common Stock
2021-06-25$9.25/sh+5,219,750$48,282,688→ 7,806,121 total - Exercise Out-of-Money
Subscription Rights (right to buy)
2021-06-25−2,586,371→ 0 totalExercise: $9.25From: 2021-06-11Exp: 2021-06-23→ Common Stock (2,586,371 underlying)
Footnotes (2)
- [F1]On June 10, 2021, the issuer commenced a rights offering pursuant to which the issuer distributed non transferable subscription rights (the "Subscription Rights") to holders of record of its common stock as of 4:00 p.m., New York Time, on June 11, 2021. Each eligible recordholder received one Subscription Right for each share of common stock held of record by such holder as of the record date. Each Subscription Right entitled its holder, subject to certain limitations and conditions, to purchase one share of common stock at a subscription price of $9.25 per share. Holders of Subscription Rights that exercised in full such basic subscription rights were entitled, subject to certain limitations and conditions, to oversubscribe for additional shares of common stock that remained unsubscribed for in the rights offering. The rights offering expired on June 23, 2021 and the Company announced the results of the offering on June 25, 2021.
- [F2]The reporting person exercised in full his Subscription Rights, and exercised oversubscription rights in respect of, and was allocated, an additional 2,633,379 shares of common stock.
Documents
Issuer
CIM Commercial Trust Corp
CIK 0000908311
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001601776
Filing Metadata
- Form type
- 4
- Filed
- Jun 28, 8:00 PM ET
- Accepted
- Jun 29, 8:01 PM ET
- Size
- 8.2 KB