Statement of Changes in Beneficial Ownership (4)

Date : 11/14/2017 @ 6:53PM
Source : Edgar (US Regulatory)
Stock : Drive Shack Inc. (DS)
Quote : 5.14  0.0 (0.00%) @ 7:20AM

Statement of Changes in Beneficial Ownership (4)

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...
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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
                      

1. Name and Address of Reporting Person *

EDENS WESLEY R
2. Issuer Name and Ticker or Trading Symbol

Drive Shack Inc. [ DS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

1345 AVENUE OF THE AMERICAS, 45TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

11/10/2017
(Street)

NEW YORK, NY 10105
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

_ X _ Form filed by One Reporting Person
___ 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
Common Stock, par value $0.01 per share   11/10/2017     P    100000   A $4.069   (1) 1816729   D    
Common Stock, par value $0.01 per share   11/13/2017     P    70865   A $4.096   (2) 1887594   D    
Common Stock, par value $0.01 per share   11/14/2017     P    109712   A $4.117   (3) 1997306   D    
Common Stock, par value $0.01 per share   11/10/2017     P    100000   A $4.069   (1) 3441446   I   The Wesley R. Edens 2011 GRAT Family Trust   (4)
Common Stock, par value $0.01 per share   11/13/2017     P    70838   A $4.096   (2) 3512284   I   The Wesley R. Edens 2011 GRAT Family Trust   (4)
Common Stock, par value $0.01 per share   11/14/2017     P    109902   A $4.117   (3) 3622186   I   The Wesley R. Edens 2011 GRAT Family Trust   (4)
Common Stock, par value $0.01 per share                  172848   I   Fortress Operating Entity I LP   (5)
Common Stock, par value $0.01 per share                  775   I   By spouse   (4)

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

Explanation of Responses:
(1)  The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.05 to $4.07. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(2)  The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.045 to $4.10. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(3)  The shares were purchased in multiple transactions and the price reported is a weighted average. The purchase price ranged from $4.06 to $4.12. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
(4)  Mr. Edens may be deemed to be the beneficial owner of these shares but disclaims beneficial ownership except to the extent of his pecuniary interest therein.
(5)  Mr. Edens may be deemed to be the beneficial owner of these securities by virtue of his relationship to Fortress Operating Entity I LP ("FOE I"). Mr. Edens disclaims beneficial ownership of any securities (and the underlying shares of common stock, if applicable) of the issuer held by FOE I except to the extent of his pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
EDENS WESLEY R
1345 AVENUE OF THE AMERICAS, 45TH FLOOR
NEW YORK, NY 10105
X



Signatures
/s/ Wesley R. Edens 11/14/2017
** 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.

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