0001179110-16-031959.txt : 20161122 0001179110-16-031959.hdr.sgml : 20161122 20161122163602 ACCESSION NUMBER: 0001179110-16-031959 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161121 FILED AS OF DATE: 20161122 DATE AS OF CHANGE: 20161122 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CIM Commercial Trust Corp CENTRAL INDEX KEY: 0000908311 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 756446078 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 17950 PRESTON RD STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75252 BUSINESS PHONE: 972-349-3200 MAIL ADDRESS: STREET 1: 17950 PRESTON RD STREET 2: SUITE 600 CITY: DALLAS STATE: TX ZIP: 75252 FORMER COMPANY: FORMER CONFORMED NAME: PMC COMMERCIAL TRUST /TX DATE OF NAME CHANGE: 19950111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Garner Charles E II CENTRAL INDEX KEY: 0001617519 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13610 FILM NUMBER: 162013590 MAIL ADDRESS: STREET 1: C/O CIM GROUP, LLC STREET 2: 6922 HOLLYWOOD BLVD 9TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90028 4 1 edgar.xml FORM 4 - X0306 4 2016-11-21 0 0000908311 CIM Commercial Trust Corp CMCT 0001617519 Garner Charles E II 4700 WILSHIRE BLVD LOS ANGELES CA 90010 0 1 0 0 Chief Executive Officer Series A Preferred Shares 2016-11-21 4 P 0 20000 A 20000 D Warrants 26.68 2016-11-21 4 P 0 20000 A 2017-11-21 2021-11-21 Common Stock 5000 20000 D Reporting Person purchased 20,000 units ("Units") offered by CIM Commercial Trust Corporation ("CMCT"), with each Unit consisting of one share of Series A Preferred Stock of CMCT with an initial stated value of $25 per share (the "Preferred Stock") and (ii) one warrant to purchase 0.25 of a share of CMCT common stock (the "Warrant"). The Units were purchased at a price of $25 per Unit. This number excludes the Units consisting of Preferred Shares and Warrants described in Note 1 above. The exercise price of each Warrant is equal to a 15% premium to the fair market net asset value of CMCT per share of common stock as most recently published by CMCT at the time of issuance of the Warrants (the "Applicable NAV"). The Applicable NAV as disclosed in CMCT's Amendment No. 1 to Form S-11 filed on September 21, 2016 is $23.20 per share of CMCT common stock. s/ David Thompson, attorney in fact 2016-11-22