4//SEC Filing
WIRTA RAYMOND E 4
Accession 0001645873-20-000057
CIK 0001645873other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 9:39 PM ET
Size
8.5 KB
Accession
0001645873-20-000057
Insider Transaction Report
Form 4
WIRTA RAYMOND E
Director
Transactions
- Purchase
COMMON STOCK, CLASS C
2020-03-06$10.27/sh+0$0 - Award
Class M OP Units
2020-03-06$12.20/sh+8,200$100,040→ 959,610 total(indirect: Class M OP Units)Exercise: $0.00→ Class M OP Units (8,200 underlying)
Footnotes (6)
- [F1]Reporting person purchased 1,640 units of Daisho OP Holdings, LLC in a private transaction. These units are convertible into 8,200 Class M OP units as described in note 2.
- [F2]The reported securities represent the reporting person's proportionate interest in the total amount of Class M OP Units held directly by Daisho.
- [F3]Pursuant to the provisions contained in the second amended and restated limited partnership agreement of NNN OP, a holder of Class M OP Units that have been outstanding for at least one year may be converted into shares of the issuer's Class C common stock, subject to a reduced conversion ratio if converted prior to December 31, 2023. The Class M OP Units that are held for four years are convertible at an initial conversion ratio of 5.0 which may increase if certain performance milestones are achieved.
- [F4]There is no expiration date in connection with the Class M OP Units.
- [F5]Reporting person paid $100,000 for the 1,640 Daisho units. Therefore, the implied price for 8,200 Class M OP units in this transaction is $12.20 per unit. The price per derivative security is not applicable.
- [F6]The reported securities are held directly by Daisho. The reporting person is the chairman of the issuer and holds a 29% equity interest in Daisho.
Documents
Issuer
RW HOLDINGS NNN REIT, INC.
CIK 0001645873
Entity typeother
Related Parties
1- filerCIK 0001128145
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 9:39 PM ET
- Size
- 8.5 KB