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

Stockholders' and Mezzanine Equity (Tables)

3 Months Ended

Mar. 31, 2017

The following table summarizes the changes in our stockholders’ equity for the three months ended March 31, 2017 (dollars in thousands):



	Shares Issued and Retired
	Series A and B Preferred Stock	Common Stock	Senior Common Stock		Series A and B Preferred Stock		Senior Common Stock		Common Stock		Additional Paid in Capital		Distributions in Excess of Accumulated Earnings			Total Stockholders' Equity
Balance at December 31, 2016	2,264,000	24,882,758	959,552		$	2	$	1	$	25	$	463,436	$	(223,587	)	$	239,877
Issuance of Series A and B preferred stock and common stock, net	—	119,356	—		—		—		—		2,354		—			2,354
Conversion of senior common stock to common stock	—	1,728	(2,071	)	—		—		—		—		—			—
Distributions declared to common, senior common and preferred stockholders	—	—	—		—		—		—		—		(11,983		)	(11,983		)
Net income	—	—	—		—		—		—		—		4,356			4,356
Balance at March 31, 2017	2,264,000	25,003,842	957,481		$	2	$	1	$	25	$	465,790	$	(231,214	)	$	234,604

We paid the following distributions per share for the three months ended March 31, 2017 and 2016:



	For the three months ended March 31,
	2017			2016
Common Stock	$	0.375		$	0.375
Senior Common Stock	0.2625			0.2625
Series A Preferred Stock	0.4843749			0.4843749
Series B Preferred Stock	0.4688			0.4688
Series C Preferred Stock	—		(1)	0.4453
Series D Preferred Stock	0.4375			—


(1)	We fully redeemed our Series C Preferred Stock on August 19, 2016.