FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

TowerBrook Investors, Ltd.
2. Issuer Name and Ticker or Trading Symbol

Ladder Capital Corp [ LADR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

65 EAST 55TH STREET, 27TH FLOOR, PARK AVENUE TOWER
3. Date of Earliest Transaction (MM/DD/YYYY)

3/9/2017
(Street)

NEW YORK, NY 10022
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock   3/9/2017     C    695071   A   (1) (2) (3) 5000658   I   See Footnotes   (1) (2) (3) (4)
Class A Common Stock   3/13/2017     S    695071   D $14.05   4305587   I   See Footnotes   (1) (2) (3) (5) (6)
Class A Common Stock   (6) 3/13/2017     S    417985   D $14.05   3887602   I   See Footnotes   (1) (2) (3) (5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Units and Class B Common Stock   $0   3/9/2017     C         695071      (3)   (3) Class A Common Stock   695071     (3) 6464720   I   See Footnotes   (1) (2) (3) (4) (7)

Explanation of Responses:
( 1)  In addition to TowerBrook Investors Ltd., a Cayman Island company limited by shares ("TowerBrook"), this Form 4 is being filed jointly by TowerBrook Investors GP II, L.P. a Cayman Island exempt limited partnership ("Fund II GP"), TowerBrook Investors II, L.P., a Cayman Island exempt limited partnership ("Fund II"), TowerBrook Investors II AIV, L.P., a Cayman Island exempt limited partnership ("AIV II"), TowerBrook Investors II Executive Fund, L.P., a Cayman Island exempt limited partnership ("Executive Fund II"), TI II Ladder Holdings, LLC, a Delaware limited liability company ("TI Holdings" and together with TowerBrook, Fund II GP, Fund II, AIV II and Executive Fund II, the "TowerBrook Entities"), Neal Moszkowski, a citizen of the United States of America and Ramez Sousou, a citizen of the United Kingdom (collectively, the "Reporting Persons").
( 2)  The TowerBrook Entities and Neal Moszkowski have the same business address as TowerBrook. The business address of Ramez Sousou is Kinnaird House, 1 Pall Mall East London, SW1Y5HAU, U.K.
( 3)  In connection with the March 2017 Offering (as defined herein), on March 9, 2017, TI Holdings exchanged 695,071 shares of Class B Common Stock (the "Class B Common Stock") of Ladder Capital Corp. ("LCC") and units of Series REIT and Series TRS of Ladder Capital Finance Holdings LLLP (the "Units") into 695,071 shares of Class A Common Stock (the "Class A Common Stock") of LCC (the "Exchange"). No cash or other consideration was exchanged in connection with the Exchange. The exchange right has no expiration date.
( 4)  Includes 695,071 shares of Class A Common Stock held by TI Holdings and 4,305,587 shares of Class A Common Stock held by AIV II, in each case following the Exchange.
( 5)  On March 7, 2017, LCC, certain pre-IPO stockholders (the "Selling Stockholders"), including TI Holdings and AIV II, and UBS Securities LLC ("UBS") entered into an Underwriting Agreement, pursuant to which UBS agreed to purchase (the "March 2017 Offering") 3,000,000 shares of LCC's Class A common stock from the Selling Stockholders, including TI Holdings and AIV II. The March 2017 Offering closed on March 13, 2017.
( 6)  Following the March 2017 Offering, AIV II directly owns 3,887,602 shares of Class A Common Stock and no other securities of LCC. AIV II is controlled by its general partner, Fund II GP, and Fund II GP is controlled by its sole general partner, TowerBrook. As a result, TowerBrook may be deemed to beneficially own the 3,887,602 shares of Class A Common Stock owned by AIV II. As directors and the joint controlling shareholders of TowerBrook, Neal Moszkowski and Ramez Sousou have exclusive decision making authority with respect to such shares and may be deemed to be the beneficial owner of the securities reported on this Form 4 (for purposes of Rule 16a-1(a)).
( 7)  Following the March 2017 Offering, TI Holdings directly owns 6,464,720 Units and shares of Class B Common Stock and no other securities of LCC. TI Holdings is jointly controlled by Fund II and Executive Fund II, each of which is controlled by its general partner, Fund II GP, which is controlled by its sole general partner, TowerBrook. As a result, TowerBrook may be deemed to beneficially own the 6,464,720 Units and shares of Class B Common Stock owned by TI Holdings. As directors and the joint controlling shareholders of TowerBrook, Neal Moszkowski and Ramez Sousou have exclusive decision making authority with respect to such shares and may be deemed to be the beneficial owner of the securities reported on this Form 4 (for purposes of Rule 16a-1(a)).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
TowerBrook Investors, Ltd.
65 EAST 55TH STREET, 27TH FLOOR
PARK AVENUE TOWER
NEW YORK, NY 10022

X

TOWERBROOK INVESTOR II EXECUTIVE FUND L P
65 EAST 55TH STREET, 27TH FLOOR
PARK AVENUE TOWER
NEW YORK, NY 10022

X

TI II Ladder Holdings, LLC
65 EAST 55TH STREET, 27TH FLOOR
PARK AVENUE TOWER
NEW YORK, NY 10022

X

TOWERBROOK INVESTORS II LP
65 EAST 55TH STREET, 27TH FLOOR
PARK AVENUE TOWER
NEW YORK, NY 10022

X

TowerBrook Investors II AIV, L.P.
65 EAST 55TH STREET, 27TH FLOOR
PARK AVENUE TOWER
NEW YORK, NY 10022

X

TowerBrook Investors GP II, L.P.
65 EAST 55TH STREET, 27TH FLOOR
PARK AVENUE TOWER
NEW YORK, NY 10022

X

MOSZKOWSKI NEAL
65 EAST 55TH STREET, 27TH FLOOR
PARK AVENUE TOWER
NEW YORK, NY 10022

X

SOUSOU RAMEZ
65 EAST 55TH STREET, 27TH FLOOR
PARK AVENUE TOWER
NEW YORK, NY 10022

X


Signatures
/s/ Glenn Miller as Vice President for TI II LADDER HOLDINGS, LLC 3/13/2017
** Signature of Reporting Person Date

/s/ Glenn Miller as Attorney-in-Fact for TOWERBROOK INVESTORS II EXECUTIVE FUND, L.P. 3/13/2017
** Signature of Reporting Person Date

/s/ Glenn Miller as Attorney-in-Fact for TOWERBROOK INVESTORS II, L.P. 3/13/2017
** Signature of Reporting Person Date

/s/ Glenn Miller as Attorney-in-Fact for TOWERBROOK INVESTORS II AIV, L.P. 3/13/2017
** Signature of Reporting Person Date

/s/ Glenn Miller as Attorney-in-Fact for TOWERBROOK INVESTORS GP II, L.P. 3/13/2017
** Signature of Reporting Person Date

/s/ NEAL MOSZKOWSKI as DIRECTOR for TOWERBROOK INVESTORS, LTD. 3/13/2017
** Signature of Reporting Person Date

/s/ NEAL MOSZKOWSKI 3/13/2017
** Signature of Reporting Person Date

/s/ RAMEZ SOUSOU 3/13/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Ladder Capital (NYSE:LADR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Ladder Capital Charts.
Ladder Capital (NYSE:LADR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Ladder Capital Charts.