4//SEC Filing
PORTNOY BARRY M. 4
Accession 0001209191-17-053172
CIK 0001452477other
Filed
Sep 17, 8:00 PM ET
Accepted
Sep 18, 4:46 PM ET
Size
13.7 KB
Accession
0001209191-17-053172
Insider Transaction Report
Form 4
PORTNOY BARRY M
DirectorOther
Transactions
- Exercise of In-Money
Transferable Subscription Right (right to buy)
2017-09-14−558,813→ 0 totalFrom: 2017-08-21Exp: 2017-09-19→ Common Stock (186,271 underlying) - Exercise of In-Money
Common Stock
2017-09-14+12,960→ 51,840 total(indirect: See Footnote) - Exercise of In-Money
Common Stock
2017-09-14+186,271→ 745,084 total - Exercise of In-Money
Transferable Subscription Right (right to buy)
2017-09-14−38,880→ 0 total(indirect: See Footnote)From: 2017-08-21Exp: 2017-09-19→ Common Stock (12,960 underlying)
Footnotes (3)
- [F1]On August 11, 2017, RMR Real Estate Income Fund (the "Fund") announced the commencement of a pro rata offering (the "Rights Offering") of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of August 21, 2017 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 2,550,502 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitle their holders to purchase one new common share for every three Rights held. The subscription price per common share is an estimated $18.64 (the "basic subscription privilege"). The Rights Offering also includes an oversubscription privilege, which will entitle holders who fully exercise their basic subscription privilege the right to purchase, at an estimated price of $18.64 per common share, additional common shares of the Fund, (continued in footnote 2)
- [F2]subject to availability and pro rata allocation of shares among Record Date Shareholders exercising such oversubscription privilege. The reporting person and ABP Trust exercised their basic subscription right and oversubscription privilege in full and expect to participate in the Fund's allocation of available shares at the close of the subscription period. The subscription rights will expire if they are not exercised by 5:00 p.m. Eastern time on September 19, 2017 (unless otherwise extended).
- [F3]By ABP Trust, of which Mr. Portnoy is a Trustee and owner. ABP Trust exercised its basic subscription right and oversubscription privilege in full on September 14, 2017, and expects to participate in the Fund's allocation of available shares at the close of the subscription period. Mr. Portnoy disclaims beneficial ownership of such securities, except to the extent that he may have a pecuniary interest therein.
Documents
Issuer
RMR Real Estate Income Fund
CIK 0001452477
Entity typeother
Related Parties
1- filerCIK 0001241559
Filing Metadata
- Form type
- 4
- Filed
- Sep 17, 8:00 PM ET
- Accepted
- Sep 18, 4:46 PM ET
- Size
- 13.7 KB