Shaul Kuba - Jul 7, 2021 Form 4 Insider Report for CIM Commercial Trust Corp (CMCT)

Signature
/s/ David Thompson, attorney in fact
Stock symbol
CMCT
Transactions as of
Jul 7, 2021
Transactions value $
$2,233,450
Form type
4
Date filed
7/9/2021, 06:41 PM
Previous filing
Jun 29, 2021
Next filing
Sep 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMCT Series A Preferred Shares Purchase $2.23M +89.3K +29.93% $25.00* 388K Jul 7, 2021 See footnote (2) F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 CIM Capital, LLC ("CIM Capital"), a wholly owned subsidiary of CIM Group, LLC, received 89,338 shares of Series A Preferred Stock from the Issuer as payment for the obligation of CIM Urban Partners, L.P. ("CIM Urban"), a wholly-owned indirect subsidiary of the Issuer, to pay CIM Capital a management fee in respect of the first quarter of 2021 pursuant to the investment management agreement between CIM Capital and CIM Urban.
F2 CIM Group, LLC is the sole equity member of CIM Capital. The reporting person, Richard Ressler and Avraham Shemesh may be deemed to beneficially own all of the shares of Series A Preferred Stock acquired from CIM Capital because of their positions with CIM Group, LLC. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.