Gladstone Commercial Corporation Quarterly report pursuant to Section 13 or 15(d)

Stockholders' and Mezzanine Equity (Tables)

9 Months Ended

Sep. 30, 2016

The following table summarizes the changes in our stockholders’ equity for the nine months ended September 30, 2016 (dollars in thousands):



	Shares Issued and Retired
	Preferred Stock Series A and B	Common Stock	Senior Common Stock		Preferred Stock Series A and B		Senior Common Stock		Common Stock		Additional Paid in Capital			Distributions in Excess of Accumulated Earnings			Total Stockholders' Equity
Balance at December 31, 2015	2,150,000	22,485,607	972,214		$	2	$	1	$	22	$	418,897		$	(185,051	)	$	233,871
Issuance of preferred stock series A and B and common stock, net	114,000	1,115,546	—		—		—		2		21,417			—			21,419
Retirement of senior common stock	—	—	(12,662	)	—		—		—		(178		)	—			(178		)
Distributions declared to common, senior common and preferred stockholders	—	—	—		—		—		—		—			(30,862		)	(30,862		)
Net income	—	—	—		—		—		—		—			1,665			1,665
Balance at September 30, 2016	2,264,000	23,601,153	959,552		$	2	$	1	$	24	$	440,136		$	(214,248	)	$	225,915

We paid the following distributions per share for the three and nine months ended September 30, 2016 and 2015:



	For the three months ended September 30,					For the nine months ended September 30,
	2016			2015		2016			2015
Common Stock	$	0.375		$	0.375	$	1.125		$	1.125
Senior Common Stock	0.2625			0.2625		0.7875			0.7875
Series A Preferred Stock	0.4843749			0.4843749		1.4531247			1.4531247
Series B Preferred Stock	0.4688			0.4688		1.4063			1.4063
Series C Preferred Stock	0.2424		(1)	0.4453		1.1330		(1)	1.3359
Series D Preferred Stock	0.4375			—		0.6163			—