Filing Details

Accession Number:
0001209191-17-018529
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-03-06 20:37:53
Reporting Period:
2017-03-02
Filing Date:
2017-03-06
Accepted Time:
2017-03-06 20:37:53
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1175483 Drive Shack Inc. DS () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1124460 R Wesley Edens 1345 Avenue Of The Americas, 46Th Floor
New York NY 10105
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share Acquisiton 2017-03-02 130,756 $4.15 1,148,036 No 4 P Direct
Common Stock, Par Value $0.01 Per Share Acquisiton 2017-03-03 301,415 $4.23 1,449,451 No 4 P Direct
Common Stock, Par Value $0.01 Per Share Acquisiton 2017-03-06 67,829 $4.19 1,517,280 No 4 P Direct
Common Stock, Par Value $0.01 Per Share Acquisiton 2017-03-02 130,755 $4.15 2,772,755 No 4 P Indirect The Wesley R. Edens 2011 GRAT Family Trust
Common Stock, Par Value $0.01 Per Share Acquisiton 2017-03-03 301,416 $4.23 3,074,171 No 4 P Indirect The Wesley R. Edens 2011 GRAT Family Trust
Common Stock, Par Value $0.01 Per Share Acquisiton 2017-03-06 67,829 $4.19 3,142,000 No 4 P Indirect The Wesley R. Edens 2011 GRAT Family Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
No 4 P Direct
No 4 P Indirect The Wesley R. Edens 2011 GRAT Family Trust
No 4 P Indirect The Wesley R. Edens 2011 GRAT Family Trust
No 4 P Indirect The Wesley R. Edens 2011 GRAT Family Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share 172,848 Indirect Fortress Operating Entity I LP
Common Stock, Par Value $0.01 Per Share 775 Indirect As Trustee for Lynn Edens
Footnotes
  1. The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.11 to $4.15. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  2. The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.13 to $4.25. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  3. The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.11 to $4.25. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
  4. Mr. Edens may be deemed to be the beneficial owner of these shares but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
  5. Mr. Edens may be deemed to be the beneficial owner of these securities by virtue of his relationship to Fortress Operating Entity I ("FOE I"). Mr. Edens disclaims beneficial ownership of any securities (and the underlying shares of common stock, if applicable) of the issuer held by FOE I except to the extent of his pecuniary interest therein.