FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Vestin Realty Mortgage II, Inc [ VRTB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/08/2009 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/08/2009 | P | 3,660(1) | A | $2.6814(2) | 1,291,676 | D | |||
Common Stock | 06/09/2009 | P | 3,668(1) | A | $2.6754(3) | 1,295,344 | D | |||
Common Stock | 06/10/2009 | P | 3,758(1) | A | $2.61(4) | 1,299,102 | D | |||
Common Stock | 92,699(5) | I | Vestin Mortgage, Inc. | |||||||
Common Stock | 10,451(6) | I | Vestin Realty Mortgage I, Inc. | |||||||
Common Stock | 12,495(7) | I | Vestin Fund III, LLC | |||||||
Common Stock | 25,000 | I | Spouse |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. These purchases were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 19, 2008 and amended on April 4, 2009. |
2. Represents the weighted average purchase price on transactions that range from $2.60 to $2.6999 per share on June 8, 2009. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price. |
3. Represents the weighted average purchase price on transactions that range from $2.65 to $2.70 per share on June 9, 2009. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price. |
4. Represents the weighted average purchase price on transactions that range from $2.60 to $2.64 per share on June 10, 2009. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price. |
5. Vestin Mortgage, Inc. holds these shares and Mr. Shustek is the Chairman, President and Chief Executive Officer of Vestin Mortgage, Inc. and indirectly owns all of the capital stock of Vestin Mortgage Inc. through Vestin Group, Inc. a company wholly owned by Mr. Shustek. |
6. Mr. Shustek owns an approximate 4.6% interest in Vestin Realty Mortgage I, Inc. ("VRM I"), a public company that owns 225,134 shares of Vestin Realty Mortgage II, Inc. ("VRM II"). Mr. Shustek is an executive officer and director of VRM I. The 10,451 shares represent Mr. Shustek's proportionate interest in the shares of VRM II that are owned by VRM I. |
7. Mr. Shustek owns an approximate 14.5% interest in Vestin Fund III, LLC ("Fund III"), a company that owns 114,117 shares of VRM II. Mr. Shustek is the Chairman, President and Chief Executive Officer of Vestin Mortgage, Inc., who is the manager of Fund III. The 16,498 shares represent Mr. Shustek's proportionate interest in the shares of VRM II that are owned by Fund III. |
/s/ Michael V. Shustek | 06/10/2009 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |