0001209191-14-019632.txt : 20140311
0001209191-14-019632.hdr.sgml : 20140311
20140311215344
ACCESSION NUMBER: 0001209191-14-019632
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140311
FILED AS OF DATE: 20140311
DATE AS OF CHANGE: 20140311
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PMC COMMERCIAL TRUST /TX
CENTRAL INDEX KEY: 0000908311
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 756446078
STATE OF INCORPORATION: TX
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
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: 14686056
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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-03-11
0
0000908311
PMC COMMERCIAL TRUST /TX
PMCT
0001601805
Shemesh Avraham
6922 HOLLYWOOD BLVD., NINTH FLOOR
LOS ANGELES
CA
90028
1
0
1
0
Common Shares of Beneficial Interest
2014-03-11
4
J
0
22000003
A
22000003
I
See footnote
Class A Convertible Cumulative Pref Shares of Bnfcl Interest
2014-03-11
4
P
0
65028571
A
Common Shares of Beneficial Interest
455199997
65028571
I
See footnote
Acquisition of securities from the Issuer in connection with a merger transaction, as described in a registration statement on Form S-4 (File No. 333-190934) originally filed by the Issuer with the Securities and Exchange Commission on August 30, 2013 and declared effective on December 24, 2013.
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.
The Issuer received securities in CIM Urban Partners, L.P., a Delaware limited partnership, and Urban Partners GP, LLC, a Delaware limited liability company, in exchange for the issuance of the common shares of beneficial interest and preferred shares of beneficial interest. The estimated per share purchase price of the common shares in the merger transaction, referenced in footnote (1) above, is $3.20 (using a closing price of the common shares of $8.70 per share on December 13, 2013 and taking into account a special dividend in an amount equal to $5.50 per share that was paid to holders of common shares immediately prior to the closing of the merger transaction).
These shares are owned directly by Urban Partners II, LLC. The reporting person, together with Shaul Kuba and Richard Ressler, is a control person of CIM Holdings, Inc., which is the sole managing member of CIM Group, LLC, which is the sole manager of CIM Urban Partners GP, LLC, which is the sole managing member of Urban Partners II, LLC. The reporting person, CIM Holdings, Inc., CIM Group, LLC and CIM Urban Partners GP, LLC are indirect beneficial owners of the reported securities, subject to footnote (2) herein.
Each class A convertible cumulative preferred share of beneficial interest will automatically convert into seven common shares of beneficial interest on the first business day on which there are sufficient authorized but unissued shares under the Issuer's declaration of trust to convert all of the preferred shares of beneficial interest into common shares of beneficial interest. The conversion feature has no expiration date.
/s/ Eric Rubenfeld, attorney in fact
2014-03-11