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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	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

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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

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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

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.
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.
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.
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.
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.
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.
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.