Swann Christopher's Form 4 filing
Pennsylvania Real Estate Investment Trust (PRETQ) · filed Sep 19, 2022
- Accession no.
- 0001193805-22-001280
- Filed
- Sep 19, 2022
- Trade date
- Sep 14-16, 2022
- Filing delay
- 5 daysLate
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 12 non-derivative transactions. Open-market purchases total $1.47M. Open-market sales total $1.76M. It was filed 5 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Swann ChristopherCIK 0001942640 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 14, 2022 | Shares of Beneficial Interest, par value $1.00 per share | SSaleDisposed | −66 | $3.74 | −$246.84 | 0 | Direct | |
| Sep 14, 2022 | Shares of Beneficial Interest, par value $1.00 per share | SSaleDisposed | −12,666 | $3.74 | −$47,370.84 | 0 | Indirect | |
| Sep 14, 2022 | Shares of Beneficial Interest, par value $1.00 per share | PPurchaseAcquired | +12,732 | $4.09F1 | +$52,073.88 | 67,322 | Indirect | |
| Sep 14, 2022 | Series B Preferred Shares, par value $0.01 per share | PPurchaseAcquired | +11,342 | $4.01F2 | +$45,481.42 | 159,144 | Indirect | |
| Sep 14, 2022 | Series B Preferred Shares, par value $0.01 per share | SSaleDisposed | −159,144 | $3.25F3 | −$517,218 | 0 | Indirect | |
| Sep 14, 2022 | Series B Preferred Shares, par value $0.01 per share | PPurchaseAcquired | +126,465 | $3.25F4 | +$411,011.25 | 179,388 | Indirect | |
| Sep 14, 2022 | Series C Preferred Shares, par value $0.01 per share | SSaleDisposed | −52,000 | $3.47F5 | −$180,440 | 158,479 | Indirect | |
| Sep 14, 2022 | Series D Preferred Shares, par value $0.01 per share | SSaleDisposed | −166,000 | $2.95F6 | −$489,700 | 0 | Indirect | |
| Sep 14, 2022 | Series D Preferred Shares, par value $0.01 per share | PPurchaseAcquired | +145,518 | $3.21F7 | +$467,112.78 | 302,440 | Indirect | |
| Sep 15, 2022 | Series C Preferred Shares, par value $0.01 per share | SSaleDisposed | −158,479 | $3.34F8 | −$529,319.86 | 0 | Indirect | |
| Sep 15, 2022 | Series C Preferred Shares, par value $0.01 per share | PPurchaseAcquired | +28,000 | $3.35 | +$93,800 | 86,750 | Indirect | |
| Sep 16, 2022 | Series C Preferred Shares, par value $0.01 per share | PPurchaseAcquired | +126,052 | $3.20F9 | +$403,366.4 | 212,802 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.7700 to $4.0900, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F2
Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.5267 to $4.1533, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F3
Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.2400 to $3.2500, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer 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 this footnote.
Referenced by the price of 1 transaction in Table I.
- F4
Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.2483 to $3.3667, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F5
Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.3522 to $3.7500, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer 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 this footnote.
Referenced by the price of 1 transaction in Table I.
- F6
Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.3002 to $3.0000, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer 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 this footnote.
Referenced by the price of 1 transaction in Table I.
- F7
Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.9900 to $3.6277, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F8
Represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.3108 to $3.3514, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer 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 this footnote.
Referenced by the price of 1 transaction in Table I.
- F9
Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.1700 to $3.2200, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
Remarks
The transactions reported herein by Cygnus V and Cygnus VI reflect the liquidation of Cygnus V in its entirety and the reacquisition of substantially the same amount of shares in Cygnus VI in order to maintain substantially the same beneficial ownership of the Issuer by the Cygnus Group. Similarly, the transactions reported herein by Mr. Swann directly and through his spouse and Cygnus Opportunity reflect a rebalancing among the Cygnus Group of the same amount of shares. Following the transactions reported herein, the Cygnus Group continues to beneficially own substantially the same amount of shares of the Issuer as previously reported. The Reporting Person will disgorge statutory "profits" resulting from the transactions reported herein pursuant to Section 16(b) of the Exchange Act to the Issuer in the amount of $25,014.48 representing the maximum amount of profits for which the Reporting Person may be deemed to be liable.