Filing Details

Accession Number:
0001567619-21-019557
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-11-09 16:02:05
Reporting Period:
2021-11-08
Accepted Time:
2021-11-09 16:02:05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1642985 Parking Reit Inc. -- Real Estate Investment Trusts (6798) 473945882
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1879349 Iii Manuel Chavez 250 E. 5Th St., Ste 2110
Cincinnati OH 45202
Ceo Yes Yes 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
Common Stock Acquisiton 2021-11-08 878,082 $11.75 2,602,407 No 4 P Indirect By LLC
Common Stock Acquisiton 2021-11-08 22,424 $11.75 2,624,831 No 4 P Indirect By LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By LLC
No 4 P Indirect By LLC
Footnotes
  1. On October 5, 2021, Color Up, LLC (the "Purchaser") commenced a tender offer ("Offer") to purchase up to 900,506 of the outstanding shares of common stock (the "Shares") of the Issuer at a purchase price of $11.75 per Share subject to the conditions set forth in the Offer to Purchase, dated October 5, 2021. The Offer and withdrawal rights expired as of 5:00 p.m. Eastern Time on November 5, 2021. 878,082 Shares were validly tendered (the "Tendered Shares"), and the Purchaser accepted for purchase all such Tendered Shares and is making payment of an aggregate of $10,317,467 to the Company stockholders participating in the Offer. Effective November 8, 2021, Purchaser also executed a subscription agreement with the Company pursuant to which Purchaser acquired the remaining 22,424 Shares pursuant to the Company Backstop (as defined in the Offer to Purchase) for an aggregate payment of $263,482. Reference is made to the Reporting Person's Schedule 13D, including all amendments thereto.