0001179110-21-007153.txt : 20210629 0001179110-21-007153.hdr.sgml : 20210629 20210629201125 ACCESSION NUMBER: 0001179110-21-007153 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210625 FILED AS OF DATE: 20210629 DATE AS OF CHANGE: 20210629 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Shemesh Avraham CENTRAL INDEX KEY: 0001601805 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13610 FILM NUMBER: 211059879 MAIL ADDRESS: STREET 1: C/O CIM GROUP, LLC STREET 2: 6922 HOLLYWOOD BLVD. 9TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90028 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 4 1 edgar.xml FORM 4 - X0306 4 2021-06-25 0 0000908311 CIM Commercial Trust Corp CMCT 0001601805 Shemesh Avraham 4700 WILSHIRE BLVD LOS ANGELES CA 90010 1 0 1 0 Common Stock 2021-06-25 4 O 0 5219750 9.25 A 7806121 I CIM Service Provider, LLC Common Stock 2021-06-25 4 O 0 316305 9.25 A 473033 I CIM Urban Sponsor, LLC Common Stock 2021-06-25 4 O 0 410394 9.25 A 613743 I CIM Capital, LLC Common Stock 2021-06-25 4 O 0 40216 9.25 A 45420 I See footnote (4) Subscription Rights (right to buy) 9.25 2021-06-25 4 O 0 2586371 0 D 2021-06-11 2021-06-23 Common Stock 2586371 0 I CIM Service Provider, LLC Subscription Rights (right to buy) 9.25 2021-06-25 4 O 0 156728 0 D 2021-06-11 2021-06-23 Common Stock 156728 0 I CIM Urban Sponsor, LLC Subscription Rights (right to buy) 9.25 2021-06-25 4 O 0 203349 0 D 2021-06-11 2021-06-23 Common Stock 203349 0 I CIM Capital, LLC Subscription Rights (rights to buy) 9.25 2021-06-25 4 O 0 5204 0 D 2021-06-11 2021-06-23 Common Stock 5204 0 I See footnote (4) On June 10, 2021, the issuer commenced a rights offering pursuant to which the issuer distributed non transferable subscription rights (the "Subscription Rights") to holders of record of its common stock as of 4:00 p.m., New York Time, on June 11, 2021. Each eligible recordholder received one Subscription Right for each share of common stock held of record by such holder as of the record date. Each Subscription Right entitled its holder, subject to certain limitations and conditions, to purchase one share of common stock at a subscription price of $9.25 per share. Holders of Subscription Rights that exercised in full such basic subscription rights were entitled, subject to certain limitations and conditions, to oversubscribe for additional shares of common stock that remained unsubscribed for in the rights offering. The rights offering expired on June 23, 2021 and the Company announced the results of the offering on June 25, 2021. Each of CIM Service Provider, LLC, CIM Urban Sponsor, LLC and CIM Capital, LLC exercised in full its Subscription Rights, and exercised oversubscription rights in respect of, and was allocated, an additional 2,633,379 shares of common stock, 159,577 shares of common stock and 207,045 shares of common stock, respectively. CIM Group, LLC is the sole equity member of the entity through which these shares are held. The reporting person may be deemed to beneficially own all of these shares because of his position with CIM Group, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Shares held by The Shemesh Family Trust of which the reporting person was the grantor and the indirect beneficial owner. Such trust exercised in full its Subscription Rights, and exercised oversubscription rights in respect of, and was allocated, an additional 35,012 shares of common stock. /s/ David Thompson, attorney in fact 2021-06-29