Summary of VESTIN FUND III LLC - Yahoo! Finance

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Form 8-K for VESTIN FUND III LLC

13-Jun-2012

Other Events

Item 8.01. Other Events.

Vestin Fund III, LLC, a Nevada limited liability company (the "Company") announced that on June 11, 2012, Michael Shustek, the CEO and President of our manager, Vestin Mortgage, LLC, a Nevada limited liability company purchased all 114,117 of the common shares of Vestin Realty Mortgage II, Inc., a Maryland corporation ("VRTB") owned by the Company for a price of $1.41 per share for a total consideration of $160,904.97. The price paid was based on an average of the closing price of VRTB for the trailing 60 day period. The closing price of the VRTB common stock on June 11, 2012 was $1.19 per share.

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