Sec Form 4 Filing - Eldridge Industries, LLC @ ESSENTIAL PROPERTIES REALTY TRUST, INC. - 2019-07-17

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Eldridge Industries, LLC
2. Issuer Name and Ticker or Trading Symbol
ESSENTIAL PROPERTIES REALTY TRUST, INC. [ EPRT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
600 STEAMBOAT ROAD
3. Date of Earliest Transaction (MM/DD/YY)
07/17/2019
(Street)
GREENWICH, CT06830
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
OP Units ( 1 ) ( 1 ) 07/17/2019 J( 2 ) 553,847 ( 1 ) ( 1 ) Common Stock 553,847 ( 2 ) 17,359,745 I ( 3 ) By EPRT Holdings, LLC ( 3 )
OP Units ( 1 ) ( 1 ) ( 1 ) ( 1 ) Common Stock 1,142,960 1,142,960 I ( 4 ) By Security Benefit Life Insurance Company ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Eldridge Industries, LLC
600 STEAMBOAT ROAD
GREENWICH, CT06830
X
EPRT Holdings, LLC
600 STEAMBOAT ROAD
GREENWICH, CT06830
X
Boehly Todd L
600 STEAMBOAT ROAD
GREENWICH, CT06830
X
Signatures
ELDRIDGE INDUSTRIES, LLC, Name: /s/ Todd Boehly 07/19/2019
Signature of Reporting Person Date
EPRT HOLDINGS, LLC, Name: /s/ Anthony D. Minella, Title: Manager 07/19/2019
Signature of Reporting Person Date
/s/ Todd L. Boehly 07/19/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each OP Unit represents a unit of limited partnership interest in Essential Properties, L.P., the operating partnership through which Essential Properties Realty Trust, Inc. (the "Issuer") conducts its operations. Each OP Unit is redeemable for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis. The OP Units have no expiration date.
( 2 )This transaction represents an in-kind distribution of OP Units of the Issuer by EPRT Holdings, LLC ("EPRT") to certain members of EPRT in exchange for the redemption of such members' interests in EPRT.
( 3 )These OP Units are held directly by EPRT. EPRT is indirectly controlled by Eldridge Industries, LLC ("Eldridge"). Todd L. Boehly, the indirect controlling member of Eldridge, may be deemed to have voting and dispositive power with respect to the OP Units beneficially owned by EPRT and Eldridge. Mr. Boehly disclaims beneficial ownership of the OP Units held by EPRT, except to the extent of his pecuniary interest therein.
( 4 )These OP Units are held directly by Security Benefit Life Insurance Company ("SBL"). Eldridge, as the indirect control person of SBL, is deemed to beneficially own the OP Units held directly by SBL. Todd L. Boehly, the indirect controlling member of Eldridge, may be deemed to have voting and dispositive power with respect to the OP Units beneficially owned by Eldridge. Mr. Boehly disclaims beneficial ownership of the OP Units beneficially owned by Eldridge, except to the extent of his pecuniary interest therein.

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 Number.