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