Major owner of PMC Commercial Trust just picked up 250 shares

Avraham Shemesh, a major owner of PMC Commercial Trust and a director of the company, recently acquired 250 shares of the company. The buys took place at prices ranging from $18.75 to $18.87 per share, on dates ranging from April 25 to April 27, 2016. Shemesh now owns 95,809,206 shares of the company. Shemesh operates out of Los Angeles, CA. Some additional info was provided as follows:

The purchases reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by The Shemesh Family Trust on September 14, 2015. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.74 to $18.86 inclusive. The reporting person undertakes to provide to CIM Commercial Trust Corp oration, any security holder of CIM Commercial Trust Corporation, 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 ranges set forth in footnotes (2) and (7) herein. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. These shares are owned directly by CIM Service Provider, LLC. The reporting person, together with Richard Ressler and Shaul Kuba, is a control person of CIM Holdings, Inc., which is the sole managing member of CIM Group, LLC, which is the sole equity member of CIM Service Provider, LLC. The reporting person, CIM Holdings, Inc. and CIM Group, LLC are indirect beneficial owners of 353,944 shares, subject to footnote (3) herein. These shares are owned directly by Urban Partners II, LLC. The reporting person, together with Richard Ressler and Shaul Kuba, is a control person of CIM Holdings, Inc., which is the sole managing member of CIM Group, LLC, which is the sole manager of CIM Urban Partners GP LLC, which is the sole managing member of Urban Partners II, LLC. The reporting person, CIM Holdings, Inc., CIM Group, LLC and CIM Urban Partners GP, LLC are indirect beneficial owners of 95,440,000 shares, subject to footnote (3) herein. These shares are owned directly by The Shemesh Family Trust. The reporting person is the grantor of The Shemesh Family Trust. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.85 to $18.87 inclusive

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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