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Filing Details

Accession Number:
0000899243-17-024143
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-10-12 17:29:45
Reporting Period:
2017-10-10
Accepted Time:
2017-10-12 17:29:45
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1577670 Ladder Capital Corp LADR () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1430639 Gi Partners Fund Iii Lp 188 The Embarcadero, Suite 700
San Francisco CA 94105
No No Yes No
1430651 Gi Partners Fund Iii-A Lp 188 The Embarcadero, Suite 700
San Francisco CA 94105
No No Yes No
1474562 L.p. Iii-B Fund Partners Gi 188 The Embarcadero, Suite 700
San Francisco CA 94105
No No Yes No
1535645 L.p. Iii Gp Gi 188 The Embarcadero, Suite 700
San Francisco CA 94105
No No Yes No
1599196 Gi Ladder Holdco, Llc 188 The Embarcadero, Suite 700
San Francisco CA 94105
No No Yes No
1599197 L.p. Iii Holdings Gi 188 The Embarcadero, Suite 700
San Francisco CA 94105
No No Yes No
1599198 Gi Gp Iii Llc 188 The Embarcadero, Suite 700
San Francisco CA 94105
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2017-10-10 1,657,001 $0.00 3,687,932 No 4 C Indirect See Footnote
Class A Common Stock Disposition 2017-10-10 1,657,001 $13.55 2,030,931 No 4 S Indirect See Footnote
Class A Common Stock Disposition 2017-10-10 299,927 $13.55 1,731,004 No 4 S Indirect See Footnote
Class A Common Stock Disposition 2017-10-10 43,072 $13.55 1,687,932 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Units and Class B Common Stock Disposition 2017-10-10 1,657,001 $0.00 1,657,001 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
8,154,258 No 4 C Indirect
Footnotes
  1. On October 10, 2017, GI Ladder Holdco, LLC ("Ladder Holdco") converted 1,657,001 shares of Class B Common Stock (the "Class B Common Stock") of Ladder Capital Corp. ("LCC") and Series REIT and Series TRS of Ladder Capital Finance Holdings LLLP (the "Units") into 1,657,001 shares of Class A Common Stock (the "Class A Common Stock" and collectively with the Class B Common Stock and the Units, the "Equity Interests") of LCC (the "Conversion"). No cash or other consideration was exchanged in connection with the Conversion. The conversion right was exercisable at any time after the issuance of the Class B Common Stock and Units and has no expiration date.
  2. On October 10, 2017, Ladder Holdco, GI Partners Fund III-A L.P. ("GI III-A") and GI Partners Fund III-B L.P. ("GI III-B") sold an aggregate of 2,000,000 shares of Class A Common Stock in a block trade (the "Block Trade") as follows: (a) 1,657,001 shares of Class A Common Stock sold by Ladder Holdco, (b) 299,927 shares of Class A Common Stock sold by GI III-B and (c) 43,072 shares of Class A Common Stock sold by GI III-A.
  3. GI Partners Fund III L.P. ("GI III") owns Ladder Holdco. GI GP III L.P. ("GI GP LP") is the general partner of GI III, GI III-A, and GI III-B. GI Holdings III L.P. ("GI Holdings") is the limited partner of GI III, GI III-A, and GI III-B. GI GP III LLC ("GI GP LLC") is the general partner of each of GI GP LP and GI Holdings. GI III's principal business is to pursue investments, and GI III-A and GI III-B are affiliated funds in the same business.
  4. Following the Conversion and the Block Trade, Ladder Holdco holds 8,154,258 Units and shares of Class B Common Stock and no other securities of LCC.
  5. Following the Conversion and the Block Trade, GI III-A holds 211,965 shares of Class A Common Stock and no other securities of LCC.
  6. Following the Conversion and the Block Trade, GI III-B holds 1,475,967 shares of Class A Common Stock and no other securities of LCC.
  7. Each of GI III, Ladder Holdco, GI III-A, GI III-B, GI GP LP, GI Holdings, and GI GP LLC disclaims beneficial ownership of the Equity Interests reported herein directly owned by any other reporting person, except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owners of such securities for purposes of Section 16 or for any other purposes.