WEM FUR INVESTORS LLC 4
4 · Winthrop Realty Trust · Filed Sep 28, 2010
Insider Transaction Report
Form 4
ASHNER MICHAEL L
DirectorChairman and CEO10% Owner
Transactions
- Purchase
Common Shares of Beneficial Interest
2010-09-27$12.25/sh+198,400$2,430,400→ 3,342,950 total(indirect: see notes)
Footnotes (5)
- [F1]Shares acquired in Issuer's public offering.
- [F2]Shares were acquired by FUR Investors LLC ("Investors"), an entity wholly-owned by FUR Holdings LLC ("Holdings"), the managing member of which is WEM-FUR Investors LLC ("WEM"). Michael Ashner is the managing member of WEM. 132,800 of the purchased shares are allocable to Michael Ashner.
- [F3]Shares are comprised of (i) 60,256 shares held directly by Michael L. Ashner and his wife, (ii) 3,242,032 shares held by Investors and (iii) 40,662 shares held by the Ashner Family Evergreen Foundation, a New York not for profit corporation (the "Foundation"), an entity in which the Reporting Person is a director.
- [F4]Each of the Reporting Persons disclaims beneficial ownership of the shares held by the Foundation.
- [F5]For purposes of Section 16 of the Act: (i) Investors beneficially owns 3,242,032 shares of Beneficial Interest, (ii) Holdings beneficially owns the number of shares of Beneficial Interest listed by Investors as held by Investors, (iii) WEM beneficially owns 1,498,730 shares of Beneficial Interest, and (iii) Mr. Ashner beneficially owns 1,232,874 shares of Beneficial Interest. The shares held by Investors are subject to distribution to its members at any time upon request of such member. It is expected that substantially all of the 198,400 shares acquired will be distributed to the applicable members in early 2011.