4//SEC Filing
KESSLER IRVIN R 4
Accession 0001563744-12-000002
CIK 0001557255other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 6:14 PM ET
Size
20.0 KB
Accession
0001563744-12-000002
Insider Transaction Report
Form 4
KESSLER IRVIN R
Director
Transactions
- Award
Common stock, par value $0.01 per share
2012-12-19$18.50/sh+719,671$13,313,914→ 719,671 total(indirect: By LLC) - Sale
Common stock, par value $0.01 per share
2012-12-19$1.00/sh−1,000$1,000→ 0 total(indirect: By LLC) - Purchase
Common stock, par value $0.01 per share
2012-12-19$18.50/sh+100,000$1,850,000→ 100,000 total(indirect: By Partnership) - Purchase
Common stock, par value $0.01 per share
2012-12-19$18.50/sh+200,000$3,700,000→ 200,000 total(indirect: Owned by Provident Premier Master Fund LTD) - Award
Common stock, par value $0.01 per share
2012-12-19$18.50/sh+715,914$13,244,409→ 715,914 total(indirect: By LLC) - Award
Common stock, par value $0.01 per share
2012-12-19$18.50/sh+362,604$6,708,174→ 462,604 total(indirect: By Partnership)
Footnotes (6)
- [F1]Represents securities owned directly by PRCM Real Estate Advisers LLC (the "Manager") that were sold back to the issuer upon closing of the initial public offering. Mr. Kessler is the sole owner and Chief Executive Officer of Deephaven, Inc. ("Deephaven"), an entity which is the sole owner of Provident. Mr. Kessler, Provident and Deephaven disclaim beneficial ownership of any of the securities owned by the Manager other than to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler, Provident or Deephaven is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]These securities are owned directly by the Kessler Family Limited Partnership (the "Partnership") for which Mr. Kessler serves as the General Partner. Mr. Kessler disclaims beneficial ownership of any of the securities owned by the Partnership other than to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]These securities are owned directly by the Partnership for which Mr. Kessler serves as the General Partner. These securities were issued in connection with the mergers of Provident Residential Real Estate Fund LLC and Resi II LLC into subsidiaries of the issuer. Mr. Kessler disclaims beneficial ownership of any of the securities owned by the Partnership other than to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F4]These securities are owned directly by Provident Premier Master Fund Ltd. (the "Fund") for which Deephaven serves as the investment manager. Mr. Kessler is the sole owner, director and Chief Executive Officer of Deephaven. Mr. Kessler disclaims beneficial ownership of any of the securities owned by the Fund other than to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F5]These securities are owned directly by Provident Real Estate Advisors LLC (the "Provident Fund"), which is owned by for which Mr. Kessler is the sole owner, director and Chief Executive Officer. These securities were issued in connection with the mergers of Provident Residential Real Estate Fund LLC and Resi II LLC into subsidiaries of the issuer and the acquisition by the issuer of all outstanding equity interests of Polar Cactus LLC, Polar Cactus II LLC and Cool Willow LLC . Mr. Kessler disclaims beneficial ownership of any of the securities owned by the Provident Fund other than to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F6]These securities are owned directly by Provident Real Estate Opportunity Fund LLC (the "Opportunity Fund") for which Mr. Kessler is the sole member. These securities were issued in connection with the acquisition by the issuer of all outstanding equity interests of Polar Cactus LLC, Polar Cactus II LLC and Cool Willow LLC . Mr. Kessler disclaims beneficial ownership of any of the securities owned by the Opportunity Fund other than to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Kessler is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Issuer
Silver Bay Realty Trust Corp.
CIK 0001557255
Entity typeother
Related Parties
1- filerCIK 0001563744
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 6:14 PM ET
- Size
- 20.0 KB