Accession Number: | 0000900440-21-000138 |
Date: | 2021-07-29 |
Issuer: | CONDOR HOSPITALITY TRUST, INC. (CDOR) |
Original Submission Date: |
EFANUR STOCK CORP.
ITUZAING? 1377, PISOS 3, 4 Y 5
MONTEVIDEO, X3 11000
TYRUS STOCK CORP
PLAZA INDEPENDENCIA 811, PB
MONTEVIDEO, X3 11100
REAL ESTATE INVESTMENT GROUP VII L.P.
C/O JIWIN S.A.
CAMBARA 1620 OF 202
MONTEVIDEO, X3 0000000000
JIWIN STOCK CORP
PLAZA INDEPENDENCIA 811, PB
MONTEVIDEO, X3 11100
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2021-07-29 | M | 1,416,586 | a | $0.00 | 4,754,198 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SERIES E CUMULATIVE CONVERTIBLE PREFERRED STOCK | 0.0 | 2021-07-29 | deemed execution date | M | 487,738 (d) | common stock 1,416,586 | $0.00 | 0 | direct |
ID | footnote |
---|---|
f1 | the reporting group elected to exercise its right to require the issuer to redeem all 487,738 shares of the series e stock (the "shares") held by the reporting group at a value per share equal to 130% of the $10 liquidation preference of the shares, plus accrued and unpaid dividends, on july 29, 2021, pursuant to the terms of the shares. the issuer had the right to redeem the shares with cash or by issuing shares of common stock, and a special committee of independent directors of the board of directors of the issuer unanimously approved redemption of the shares with shares of common stock. (continued at footnote 2) |
f2 | (continued from footnote 1) for purposes of section 16 of the securities exchange act of 1934, as amended, the reporting group is deemed a director by deputization by virtue of its representation on the board of directors of the issuer. the number of shares of common stock issued to effect redemption of the shares equals 1,416,586 shares of common stock based on the weighted market sale price average of the common stock for the applicable thirty trading day period of $4.90 per share. |