Statement of Changes in Beneficial Ownership (4)
July 08 2021 - 6:05PM
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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OMB APPROVAL
OMB Number:
3235-0287
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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
*
SANDRING REBECCA M |
2. Issuer Name and Ticker or Trading Symbol
CorEnergy Infrastructure Trust, Inc.
[
CORR
]
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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) Executive Vice President |
(Last)
(First)
(Middle)
1100 WALNUT, SUITE 3350 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/6/2021 |
(Street)
KANSAS CITY, MO 64106
(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 | 7/6/2021 | | A | | 60580 | A | (1) | 65759 | D | |
Common Stock | | | | | | | | 0 (2) | I | By daughter |
Depositary Shares representing Series A Preferred Stock | 7/6/2021 | | A | | 8937 | A | (1) | 8937 | 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 |
Class B Common Stock | (3) | 7/6/2021 | | A | | 35900 | | (3) | (3) | Common Stock | 35900 | (1) | 35900 | D | |
Explanation of Responses: |
(1) | The reporting person acquired the Common Stock, Series A Preferred Stock and Class B Common Stock in exchange for membership interests in Corridor InfraTrust Management, LLC ("Corridor"), the former external manager of the Company. There was no market for these membership interests and the value of the interests surrendered by the reporting person, based on the reporting person's percentage ownership in Corridor, is estimated to be $210,019 for the Series A Preferred Stock, $425,272 for the Common Stock and $252,018 for the Class B Common Stock. |
(2) | The reporting person no longer has a reportable beneficial interest in 195 shares of Common Stock owned by her daughter and included in the reporting person's prior ownership reports. |
(3) | The shares of Class B Common Stock will convert to Common Stock on a one-for-one basis no later than February 4, 2024 depending on certain dividend payments by the Company as described in the Articles Supplementary related to the Class B Common Stock filed with the SEC on February 10, 2021. The Class B Common Stock is entitled to one vote per share and votes with the Common Stock. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SANDRING REBECCA M 1100 WALNUT SUITE 3350 KANSAS CITY, MO 64106 |
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| Executive Vice President |
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Signatures
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/s/ Rebecca M. Sandring | | 7/8/2021 |
**Signature of Reporting Person | Date |
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