Form 3 PENNSYLVANIA REAL ESTATE TO: August 2002 Submitted by: Swann Christopher


August 12, 2022 at 7:25 PM EDT


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form 3 U.S. Securities and Exchange Commission
Washington DC 20549

Initial Statement of Beneficial Ownership of Securities

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Companies Act of 1940

OMB approval
OMB number: 3235-0104
date of expiry: December 31, 2014
Estimated average load
Time per response: 0.5

1. Reporter’s name and address
*


C/O pen.real estate investment trust
2005 Market Street, Suite 1000

(city)


2. Date of event (month/day/year) for which notification is required
2022/08/02

3. Issuer name
When
ticker or trading symbol

Pennsylvania Real Estate Investment Trust
[
PEI
]

4. RELATIONSHIP BETWEEN REPORTER AND ISSUER

(Please check all that apply)

X directed by 10% owner
Officer (Please fill in your title below) Other (specify below)
5. In case of amendment, original filing date (month/day/year)
6. Individual or joint/group filing (check the appropriate line)

X Form submitted by one reporter
Forms submitted by multiple reporters
Table I – Non-Derivative Securities with Beneficial Interests
1. Security Title (Instruction 4) 2. Unit amount (Step 4) 3. Ownership: Direct (D) or Indirect (I) (Step 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)

Shares of beneficial interest, $1.00 per share par value

66

D.

Shares of beneficial interest, $1.00 per share par value

12,666

Me

Sharing Ownership with Reporter’s Spouse

Shares of beneficial interest, $1.00 per share par value

54,590

Me

Owned by Cygnus Opportunity Fund, LLC

Shares of beneficial interest, $1.00 per share par value

42,021

Me

Owned by Cygnus Property Fund IV, LLC

Series B Preferred Stock, par value $0.01 per share

74,398

Me

Owned by Cygnus Opportunity Fund, LLC

Series B Preferred Stock, par value $0.01 per share

42,963

Me

Owned by Cygnus Property Fund IV, LLC

Series B Preferred Stock, par value $0.01 per share

147,802

Me

Owned by Cygnus Property Fund V, LLC

Series B Preferred Stock, par value $0.01 per share

52,923

Me

Owned by Cygnus Property Fund VI, LLC

Series C Preferred Stock, $0.01 per share par value

111,416

Me

Owned by Cygnus Opportunity Fund, LLC

Series C Preferred Stock, $0.01 per share par value

74,879

Me

Owned by Cygnus Property Fund IV, LLC

Series C Preferred Stock, $0.01 per share par value

210,479

Me

Owned by Cygnus Property Fund V, LLC

Series C Preferred Stock, $0.01 per share par value

58,750

Me

Owned by Cygnus Property Fund VI, LLC

Series D Preferred Stock, $0.01 per par value

4,000

D.

Series D Preferred Stock, $0.01 per par value

136,744

Me

Owned by Cygnus Opportunity Fund, LLC

Series D Preferred Stock, $0.01 per par value

30,749

Me

Owned by Cygnus Property Fund IV, LLC

Series D Preferred Stock, $0.01 per par value

166,000

Me

Owned by Cygnus Property Fund V, LLC

Series D Preferred Stock, $0.01 per par value

156,922

Me

Owned by Cygnus Property Fund VI, LLC

Table II – Derivative Securities with Beneficial Interests
(e.g. puts, calls, warrants, options, convertibles)
1. Derivative Securities Title (Instruction 4) 2. Exercisable date and expiration date (month/day/year) 3. Name and amount of securities underlying the derivative security (Instruction 4) 4. CONVERSION OR STRIKE PRICES OF DERIVATIVE SECURITIES 5. Ownership: Direct (D) or Indirect (I) (Step 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Exercisable date date of expiry Title amount or number of shares
Explanation of response:
/s/ Christopher Swann 2022/08/06
** Signature of reporter date
Note: Please report on a separate line for each class of directly or indirectly beneficially owned securities.
*If there are multiple applicants,
look
Instruction 4(b)(v).
** Any willful misrepresentation or omission of fact constitutes a violation of federal criminal law.
look
18 USC 1001 and 15 USC 78ff(a).
Note: You must file three copies of this form and manually sign one of them. If you run out of space,
look
Step instructions6.
Persons responding to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
                               POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and appoints
each of Mario C. Ventresca, Jr. and Lisa M. Most as the undersigned's true and
lawful attorney-in-fact to:

(1) execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer and/or trustee of Pennsylvania Real Estate Investment Trust (the
"Company"), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities
Exchange Act of 1934 and the rules thereunder, as amended, and any other forms
or reports the undersigned may be required to file in connection with the
undersigned's ownership, acquisition, or disposition of securities of the
Company;

(2) do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4, or 5,
or other form or report (and any amendments thereof) and timely file such form
or repot1 with the United States Securities and Exchange Commission and any
stock exchange or similar authority; and

(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of the attorney-in-fact, may be of benefit to,
in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by the attorney-in-fact on behalf of the
undersigned pursuant to this Power of Attorney shall be in such form and shall
contain such information as the attorney-in-fact may approve in the
attorney-in-fact's discretion.

The undersigned hereby grants to each attorney-in-fact full power and authority
to do and perform any and every act and thing whatsoever requisite, necessary,
or proper to be done in the exercise of any of the rights and powers herein
granted, as fully to all intents and purposes as the undersigned might or could
do if personally present, with full power of substitution or revocation, hereby
ratifying and confirming all that each attorney-in-fact, or the
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. None of the foregoing attorneys-in-fact shall incur any liability to
the undersigned for acting or refraining from acting under this Power of
Attorney, except for such attorney's own willful misconduct or gross negligence.
The undersigned acknowledges that each of the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, is not assuming, nor
is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to each
attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 12th day of August, 2022.


By /s/ Christopher Swann
Name Christopher Swann



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