Filing Details

Accession Number:
0001088193-10-000002
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-08-26 15:20:42
Reporting Period:
2010-08-24
Filing Date:
2010-08-26
Accepted Time:
2010-08-26 15:20:42
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1327603 Vestin Realty Mortgage Ii Inc VRTB Real Estate Investment Trusts (6798) 611502451
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1088193 V Michael Shustek 8880 W. Sunset Road
Suite 200
Las Vegas NV 89148
President, Ceo & Cfo Yes Yes 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 Acquisiton 2010-08-24 37,160 $1.62 1,484,100 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 92,699 Indirect Vestin Mortgage, Inc.
Common Stock 10,631 Indirect Vestin Realty Mortgage I, Inc.
Common Stock 16,498 Indirect Vestin Fund III, LLC
Common Stock 75,097 Indirect Spouse
Footnotes
  1. Represents the weighted average purchase price on transactions that range from $1.55789 to $1.58 per share on August 24, 2010. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased or sold at each separate price.
  2. Vestin Mortgage, Inc. holds these shares and Mr. Shustek is the Chairman, President and Chief Executive Officer of Vestin Mortgage, Inc. and indirectly owns all of the capital stock of Vestin Mortgage Inc. through Vestin Group, Inc. a company in which Mr. Shustek is the majority owner.
  3. Mr. Shustek owns an approximate 4.7% interest in Vestin Realty Mortgage I, Inc. ("VRM I"), a public company that owns 225,134 shares of Vestin Realty Mortgage II, Inc. ("VRM II"). Mr. Shustek is an executive officer and director of VRM I. The 10,631 shares represent Mr. Shustek's proportionate interest in the shares of VRM II that are owned by VRM I.
  4. Mr. Shustek owns an approximate 14.5% interest in Vestin Fund III, LLC ("Fund III"), a company that owns 114,117 shares of VRM II. Mr. Shustek is the Chairman, President and Chief Executive Officer of Vestin Mortgage, Inc., who is the manager of Fund III. The 16,498 shares represent Mr. Shustek's proportionate interest in the shares of VRM II that are owned by Fund III.