Form 4 for WHLR Wheeler Real Estate Investment Trust, Inc.
Accepted 2022-08-31 00:00:00 ET · period of report 2022-08-29 · accession 0001213900-22-052707 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-08-31 | 2022-08-30 | WHLR | Campbell Kerry G. | Dir | S - Sale | $2.02 | -20.1K | 79.9K | -20% | -$40.6K |
| DM | 2022-08-31 | 2022-08-29 | WHLR | Campbell Kerry G. | Dir | S - Sale | $5.72 | -1,656 | 0 | -100% | -$9,474 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-08-30 | S | D | 20,110 | $2.02 | 79,890 | D | — | — | (F1) The sale price reported above has been rounded to the nearest cent. |
| 2 | Derivative | Series D Cumulative Convertible Preferred Stock | 2022-08-29 | S | D | 344 | $13.01 | 0 | D | $16.96 · — to — | 507 Common Stock | (F5) As disclosed in the Issuer's Form 8-K filed with the Securities and Exchange Commission ("SEC") on November 29, 2021, the Board of Directors of the Issuer determined that interest on the Notes payable on December 31, 2021, would be paid in the form of Series D Preferred Stock. On December 31, 2021, the Company issued shares of Series D Preferred Stock to the Reporting Person as payment of interest with respect to the Notes held by the Reporting Person, in accordance with the terms thereof and of the Indenture among the Issuer and Wilmington Savings Fund Society, FSB, as Trustee, governing the terms of the Notes (the "Indenture"). This Form 4 reports the sale on August 29, 2022 of 344 shares of the Series D Preferred Stock at $13.01 per share. (F1) The sale price reported above has been rounded to the nearest cent. (F6) As disclosed in the Issuer's Form 8-K filed with the SEC on April 3, 2017, each share of Series D Preferred Stock is convertible into 1.474 shares of the Issuer's common stock. The Series D Preferred Stock has no expiration date. |
| 3 | Derivative | Series B Convertible Preferred Stock | 2022-08-29 | S | D | 1,312 | $3.81 | 0 | D | $40.00 · — to — | 820 Common Stock | (F7) As disclosed in the Issuer's Form 8-K filed with the SEC on May 20, 2022, the Issuer determined that interest on the Notes payable on June 30, 2022, would be paid in the form of Series B Preferred Stock. On June 30, 2022, the Issuer issued shares of Series B Preferred Stock to the Reporting Person as payment of interest with respect to the Notes held by the Reporting Person, in accordance with the terms thereof and of the Indenture. This Form 4 reports the sale on August 29, 2022 of 1,312 shares of the Series B Preferred Stock at $3.81 per share. (F1) The sale price reported above has been rounded to the nearest cent. (F8) As disclosed in the Issuer's Form 8-K filed with the SEC on April 3, 2017, each share of Series B Preferred Stock is convertible into 0.625 shares of the Issuer's common stock. The Series B Preferred Stock has no expiration date. |