MANDIS STEVEN GEORGE 4
4 · FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS · Filed Jun 22, 2005
Insider Transaction Report
Form 4
MANDIS STEVEN GEORGE
Director10% Owner
Transactions
- Purchase
B-1 Cumulative Convertible Redeemable Preference Shares
2005-06-20$25.00/sh+46,667$1,166,675→ 646,667 total(indirect: See footnote)Exercise: $4.50→ Common Shares of Beneficial Interest (259,261 underlying)
Footnotes (3)
- [F1]These securities are immediately convertible and have no expiration date.
- [F2]Halcyon Structured Opportunities Fund L.P. ("Halcyon Structured Fund") owns 646,667 Cumulative Convertible Redeemable Preferences Shares of the Issuer. These securities are presently convertible into 3,592,594 Common Shares of Beneficial Interest of the Issuer.
- [F3]The securities reported herein are held for the account of Halcyon Structured Fund. The Reporting Person serves as the Chief Investment Officer of Halcyon Structured Asset Management LP, the investment manager of Halcyon Structured Fund. The Reporting Person disclaims beneficial ownership of the securities held for the account of Halcyon Structured Fund except to the extent of his pecuniary interest therein.