4//SEC Filing
GI PARTNERS FUND III-A LP 4
Accession 0000899243-17-024143
CIK 0001577670other
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 5:29 PM ET
Size
24.3 KB
Accession
0000899243-17-024143
Insider Transaction Report
Form 4
GI PARTNERS FUND III LP
Director10% Owner
Transactions
- Sale
Class A Common Stock
2017-10-10$13.55/sh−1,657,001$22,452,364→ 2,030,931 total(indirect: See Footnote) - Conversion
Units and Class B Common Stock
2017-10-10−1,657,001→ 8,154,258 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (1,657,001 underlying) - Sale
Class A Common Stock
2017-10-10$13.55/sh−43,072$583,626→ 1,687,932 total(indirect: See Footnote) - Conversion
Class A Common Stock
2017-10-10+1,657,001→ 3,687,932 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−299,927$4,064,011→ 1,731,004 total(indirect: See Footnote)
GI Ladder Holdco, LLC
Director10% Owner
Transactions
- Sale
Class A Common Stock
2017-10-10$13.55/sh−43,072$583,626→ 1,687,932 total(indirect: See Footnote) - Conversion
Units and Class B Common Stock
2017-10-10−1,657,001→ 8,154,258 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (1,657,001 underlying) - Sale
Class A Common Stock
2017-10-10$13.55/sh−1,657,001$22,452,364→ 2,030,931 total(indirect: See Footnote) - Conversion
Class A Common Stock
2017-10-10+1,657,001→ 3,687,932 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−299,927$4,064,011→ 1,731,004 total(indirect: See Footnote)
GI PARTNERS FUND III-A LP
Director10% Owner
Transactions
- Conversion
Units and Class B Common Stock
2017-10-10−1,657,001→ 8,154,258 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (1,657,001 underlying) - Sale
Class A Common Stock
2017-10-10$13.55/sh−299,927$4,064,011→ 1,731,004 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−1,657,001$22,452,364→ 2,030,931 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−43,072$583,626→ 1,687,932 total(indirect: See Footnote) - Conversion
Class A Common Stock
2017-10-10+1,657,001→ 3,687,932 total(indirect: See Footnote)
GI Partners Fund III-B L.P.
Director10% Owner
Transactions
- Conversion
Class A Common Stock
2017-10-10+1,657,001→ 3,687,932 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−43,072$583,626→ 1,687,932 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−299,927$4,064,011→ 1,731,004 total(indirect: See Footnote) - Conversion
Units and Class B Common Stock
2017-10-10−1,657,001→ 8,154,258 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (1,657,001 underlying) - Sale
Class A Common Stock
2017-10-10$13.55/sh−1,657,001$22,452,364→ 2,030,931 total(indirect: See Footnote)
GI GP III L.P.
Director10% Owner
Transactions
- Conversion
Class A Common Stock
2017-10-10+1,657,001→ 3,687,932 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−1,657,001$22,452,364→ 2,030,931 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−299,927$4,064,011→ 1,731,004 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−43,072$583,626→ 1,687,932 total(indirect: See Footnote) - Conversion
Units and Class B Common Stock
2017-10-10−1,657,001→ 8,154,258 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (1,657,001 underlying)
GI Holdings III L.P.
Director10% Owner
Transactions
- Sale
Class A Common Stock
2017-10-10$13.55/sh−1,657,001$22,452,364→ 2,030,931 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−299,927$4,064,011→ 1,731,004 total(indirect: See Footnote) - Conversion
Units and Class B Common Stock
2017-10-10−1,657,001→ 8,154,258 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (1,657,001 underlying) - Conversion
Class A Common Stock
2017-10-10+1,657,001→ 3,687,932 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−43,072$583,626→ 1,687,932 total(indirect: See Footnote)
GI GP III LLC
Director10% Owner
Transactions
- Sale
Class A Common Stock
2017-10-10$13.55/sh−43,072$583,626→ 1,687,932 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−299,927$4,064,011→ 1,731,004 total(indirect: See Footnote) - Sale
Class A Common Stock
2017-10-10$13.55/sh−1,657,001$22,452,364→ 2,030,931 total(indirect: See Footnote) - Conversion
Units and Class B Common Stock
2017-10-10−1,657,001→ 8,154,258 total(indirect: See Footnote)Exercise: $0.00→ Class A Common Stock (1,657,001 underlying) - Conversion
Class A Common Stock
2017-10-10+1,657,001→ 3,687,932 total(indirect: See Footnote)
Footnotes (7)
- [F1]On October 10, 2017, GI Ladder Holdco, LLC ("Ladder Holdco") converted 1,657,001 shares of Class B Common Stock (the "Class B Common Stock") of Ladder Capital Corp. ("LCC") and Series REIT and Series TRS of Ladder Capital Finance Holdings LLLP (the "Units") into 1,657,001 shares of Class A Common Stock (the "Class A Common Stock" and collectively with the Class B Common Stock and the Units, the "Equity Interests") of LCC (the "Conversion"). No cash or other consideration was exchanged in connection with the Conversion. The conversion right was exercisable at any time after the issuance of the Class B Common Stock and Units and has no expiration date.
- [F2]On October 10, 2017, Ladder Holdco, GI Partners Fund III-A L.P. ("GI III-A") and GI Partners Fund III-B L.P. ("GI III-B") sold an aggregate of 2,000,000 shares of Class A Common Stock in a block trade (the "Block Trade") as follows: (a) 1,657,001 shares of Class A Common Stock sold by Ladder Holdco, (b) 299,927 shares of Class A Common Stock sold by GI III-B and (c) 43,072 shares of Class A Common Stock sold by GI III-A.
- [F3]GI Partners Fund III L.P. ("GI III") owns Ladder Holdco. GI GP III L.P. ("GI GP LP") is the general partner of GI III, GI III-A, and GI III-B. GI Holdings III L.P. ("GI Holdings") is the limited partner of GI III, GI III-A, and GI III-B. GI GP III LLC ("GI GP LLC") is the general partner of each of GI GP LP and GI Holdings. GI III's principal business is to pursue investments, and GI III-A and GI III-B are affiliated funds in the same business.
- [F4]Following the Conversion and the Block Trade, Ladder Holdco holds 8,154,258 Units and shares of Class B Common Stock and no other securities of LCC.
- [F5]Following the Conversion and the Block Trade, GI III-A holds 211,965 shares of Class A Common Stock and no other securities of LCC.
- [F6]Following the Conversion and the Block Trade, GI III-B holds 1,475,967 shares of Class A Common Stock and no other securities of LCC.
- [F7]Each of GI III, Ladder Holdco, GI III-A, GI III-B, GI GP LP, GI Holdings, and GI GP LLC disclaims beneficial ownership of the Equity Interests reported herein directly owned by any other reporting person, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.
Documents
Issuer
Ladder Capital Corp
CIK 0001577670
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001430651
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 5:29 PM ET
- Size
- 24.3 KB