Gladstone Commercial Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Our Board of Directors declared the following distributions per share for the years ended December 31, 2015, 2014, and 2013:


	For the year ended December 31,
	2015		2014		2013
Common Stock	$	1.50	$	1.50	$	1.50
Senior Common Stock		1.05		1.05		1.05
Series A Preferred Stock		1.9374996		1.9374996		1.9374996
Series B Preferred Stock		1.8750		1.8750		1.8750
Series C Preferred Stock		1.7813		1.7813		1.7813

Summary of Changes in Stockholders' Equity

The characterization of distributions during each of the last three years is reflected in the table below:


	Ordinary Income			Return of Capital			Long-Term Capital Gains
Common Stock
For the year ended December 31, 2013		18.32962	%		81.67038	%		0.00000	%
For the year ended December 31, 2014		0.00000	%		100.00000	%		0.00000	%
For the year ended December 31, 2015		18.80114	%		79.50018	%		1.69868	%
Senior Common Stock
For the year ended December 31, 2013		100.00000	%		0.00000	%		0.00000	%
For the year ended December 31, 2014		0.00000	%		100.00000	%		0.00000	%
For the year ended December 31, 2015		91.71368	%		0.00000	%		8.28632	%
Series A Preferred Stock
For the year ended December 31, 2013		100.00000	%		0.00000	%		0.00000	%
For the year ended December 31, 2014		24.10732	%		75.89268	%		0.00000	%
For the year ended December 31, 2015		91.71368	%		0.00000	%		8.28632	%
Series B Preferred Stock
For the year ended December 31, 2013		100.00000	%		0.00000	%		0.00000	%
For the year ended December 31, 2014		24.10732	%		75.89268	%		0.00000	%
For the year ended December 31, 2015		91.71368	%		0.00000	%		8.28632	%
Series C Preferred Stock
For the year ended December 31, 2013		100.00000	%		0.00000	%		0.00000	%
For the year ended December 31, 2014		24.10732	%		75.89268	%		0.00000	%
For the year ended December 31, 2015		91.71368	%		0.00000	%		8.28632	%

Summary of Note Issued to Employee for Exercise of Stock Options

The following table is a summary of the note issued to an employee of the Adviser for the exercise of stock options (dollars in thousands). The note, and all corresponding interest, was repaid in full on May 7, 2015:


Date Issued	Outstanding Balance of Employee Loan at December 31, 2015		Outstanding Balance of Employee Loan at December 31, 2014		Maturity Date of Note		Interest Rate on Note
Nov 2006	$	—	$	375		Nov 2015		8.15	%