4//SEC Filing
Durst Douglas 4
Accession 0001104659-20-080594
CIK 0001577670other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 4:31 PM ET
Size
9.2 KB
Accession
0001104659-20-080594
Insider Transaction Report
Form 4
Durst Douglas
Director
Transactions
- Conversion
Class A Common Stock
2020-07-01+3,537,349→ 3,537,349 total(indirect: See footnote) - Conversion
Units and Class B Common Stock
2020-07-01−3,537,349→ 0 total(indirect: See footnote)→ Class A Common Stock (3,537,349 underlying)
Holdings
- 32,122
Class A Common Stock
Footnotes (4)
- [F1]The reporting person converted 3,537,349 shares of Class B Common Stock and an equal number of Ladder Capital Finance Holdings LLLP ("LCFH") units into 3,537,349 shares of Class A Common Stock.
- [F2]Holders of LCFH units and Class B Common Stock may from time to time exchange such units paired with an equal number of shares of Class B Common Stock for shares of Class A Common Stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends, and reclassifications. The units and Class B Common Stock together are convertible at the holder's election at any time, and the conversion right has no expiration date.
- [F3]The Reporting Person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
- [F4]Shares are held directly by Seymour Holding Corporation; however, investment decisions with respect to the shares are made by The Durst Manager LLC. SRDA Manager, LLC is the managing member of The Durst Manager LLC and Mr. Durst is Co-President of SRDA Manager, LLC. As a result, Mr. Durst may be deemed to have voting and dispositive power with respect to the shares of Class A Common Stock held by Seymour Holding Corporation.
Documents
Issuer
Ladder Capital Corp
CIK 0001577670
Entity typeother
Related Parties
1- filerCIK 0001598784
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 4:31 PM ET
- Size
- 9.2 KB