Statement of Changes in Beneficial Ownership (4)
April 12 2021 - 7:55PM
Edgar (US Regulatory)
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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
FEINGOLD ANTON |
2. Issuer Name and Ticker or Trading Symbol
Ares Commercial Real Estate Corp
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ACRE
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Gen. Counsel VP and Secretary |
(Last)
(First)
(Middle)
C/O ARES COMMERCIAL REAL ESTATE, 245 PARK AVENUE, 42ND FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/8/2021 |
(Street)
NEW YORK, NY 10167
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 4/8/2021 | | F | | 930 (1) | D | $13.9033 (2) | 27111 (3) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Explanation of Responses: |
(1) | Represents the number of shares of common stock sold by the reporting person to cover tax withholding obligations in connection with the vesting of the common stock. |
(2) | The price reported in Line 1 Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.9000 to $13.9100, inclusive. The reporting person undertakes to provide to Ares Commercial Real Estate Corporation, any security holder of Ares Commercial Real Estate Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4. |
(3) | Reported amount includes 10,500 restricted stock units granted under the Ares Commercial Real Estate Corporation Second Amended and Restated 2012 Equity Incentive Plan. Each restricted stock unit represents the right to receive one share of the issuer's common stock upon vesting. The restricted stock units vest in installments in accordance with the applicable restricted stock unit award agreement. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
FEINGOLD ANTON C/O ARES COMMERCIAL REAL ESTATE 245 PARK AVENUE, 42ND FLOOR NEW YORK, NY 10167 |
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| Gen. Counsel VP and Secretary |
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Signatures
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/s/ Anton Feingold | | 4/12/2021 |
**Signature of Reporting Person | Date |
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