SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SHUSTEK MICHAEL V

(Last)

(First)

(Middle)

8880 W. SUNSET ROAD

SUITE 240

(Street)

LAS VEGAS

89148

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Parking REIT, Inc. [ NONE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/31/2019		A⁽¹⁾		240,000	A	⁽¹⁾	854,067	I	Vestin Realty Mortgage II, Inc.⁽¹⁾⁽³⁾
Common Stock	12/31/2019		A⁽¹⁾		160,000	A	⁽¹⁾	456,834	I	Vestin Realty Mortgage I, Inc.⁽¹⁾
Common Stock								2,418	I	Peggy M. Shustek Trust, FBO Andrew M. Shustek⁽²⁾
Common Stock								11,005	I	Michael V. Shustek LLC

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On December 31, 2019, Parking REIT, Inc. ("Issuer") issued 400,000 shares of commons stock to MVP Realty Advisors, LLC ("Manager") pursuant to the Contribution Agreement, dated as of March 29, 2019, among the Issuer, Manager, Vestin Mortgage I, Inc. ("VRM I") (solely for Section 1.01(c) thereof), Vestin Realty Mortgage II, Inc. ("VRM II")(solely for Section 1.01(c) thereof)and Michael V. Shustek ("Reporting Person")(solely for Section 4.03 thereof). VRM I and VRM II own 40% and 60%, respectively, of the Manager's interests. On January 3, 2020, Manager distributed the 400,000 shares to VRM I and VRM II in proportion to their ownership interest. The Reporting Person is a director and executive officer of VRM I and VRM II, and beneficially owns approximately 20.05% and 33.74% of VRM I and VRM II, respectively. The Reporting Person disclaims beneficial ownership of the Issuer common stock held by VRM I and VRM II, except to the extent of his pecuniary interest therein.

2. These shares are held by Peggy M. Shustek Trust, FBO Andrew M. Shustek. Mrs. Shustek is the Reporting Person's spouse and his son is Andrew Shustek.

3. Includes 9,108 shares held indirectly by VRM II, which were inadvertently not included in the Form 4/A filed on April 10, 2019.

Remarks:

Chairman, Chief Executive Officer and Secretary

	Michael V. Shustek	01/07/2020
	** Signature of Reporting Person	Date
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.
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