4//SEC Filing
FUR INVESTORS LLC 4
Accession 0001193805-04-000008
CIK 0000037008other
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 1:58 PM ET
Size
12.2 KB
Accession
0001193805-04-000008
Insider Transaction Report
Form 4
WEM FUR INVESTORS LLC
10% Owner
Transactions
- Purchase
Shares of Beneficial Interest
2003-12-31$2.60/sh+5,000,000$13,000,000→ 10,000,000 total(indirect: See Footnote)
FUR INVESTORS LLC
10% Owner
Transactions
- Purchase
Shares of Beneficial Interest
2003-12-31$2.60/sh+5,000,000$13,000,000→ 10,000,000 total(indirect: See Footnote)
ASHNER MICHAEL L
DirectorChairman and CEO10% Owner
Transactions
- Purchase
Shares of Beneficial Interest
2003-12-31$2.60/sh+5,000,000$13,000,000→ 10,000,000 total(indirect: See Footnote)
FUR HOLDINGS LLC
10% Owner
Transactions
- Purchase
Shares of Beneficial Interest
2003-12-31$2.60/sh+5,000,000$13,000,000→ 10,000,000 total(indirect: See Footnote)
Footnotes (3)
- [F1]This statement is filed as a joint report pursuant to Rule 16a-3(j) promulgated under the Securities Exchange Act of 1934 (the "Act") by the undersigned Reporting Person and by the entities listed on the attached Joint Filer Information Sheet who are deemed to constitute a "group" beneficially owning more than 10% of the Issuer' shares of beneficial interest, par value $1.00 per share (the "Common Stock") under Section 13(d) of the Act.
- [F2]FUR Holdings LLC ("Holdings") is the sole member of FUR Investors LLC ("Investors"), WEM-FUR Investors LLC ("WEM") is the managing member of Holdings and Michael L. Ashner is the managing member of WEM and the Chief Executive Officer of the Issuer. Accordingly, for purposes of Section 16 of the Act, Holdings, WEM and Mr. Ashner may be deemed to beneficially own any securities held by reported herein which are held by Investors. Further, WEM holds a 35% interest in Holdings and Mr. Ashner holds a 71.43% interest in WEM and, accordingly, for purposes of Section 16 of the Act, Holdings, WEM and Mr. Ashner may be deemed to own a 100%, 35% and 25% beneficial interest, respectively, in any securities reported herein which are held by Investors.
- [F3]All shares are held by Investors. Holdings, WEM and Mr. Ashner do not hold any shares of Beneficial Interest in the Issuer. Accordingly, in accordance with the ownership percentages set forth in footnote (1) above, for purposes of Section 16 of the Act: (i) Investors beneficially owns the number of shares of Beneficial Interest listed as held by it, (ii) Holdings beneficially owns the number of shares of Beneficial Interest listed by Investors as held by Investors, (iii) WEM beneficially owns 3,500,000 shares of Beneficial Interest, and (iii) Mr. Ashner beneficially owns 2,500,000 shares of Beneficial Interest.
Issuer
FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS
CIK 0000037008
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001271267
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 1:58 PM ET
- Size
- 12.2 KB