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*
HARTMAN ALLEN R

(Last) (First) (Middle)
1450 W. SAM HOUSTON PARKWAY
SUITE 100

(Street)
HOUSTON TX 77043

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HARTMAN COMMERCIAL PROPERTIES REIT [ NONE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President & Secretary
3. Date of Earliest Transaction (Month/Day/Year)
04/13/2004
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)
Code V Amount (A) or (D) Price
Common Shares 04/13/2004 P 1,250.093 A $10 186,874.37 D(1)(2)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This number includes 139,255 common shares of beneficial interest in the Company, par value $0.001 per share (the "Shares"), owned by Hartman Partnership, L.P. (formerly known as Hartman Partnership, Inc.), which is wholly-owned by Mr. Hartman and his wholly-owned affiliate. Upon conversion of all outstanding limited partnership interests ("OP Units") in Hartman REIT Operating Partnership, L.P., a Delware limited partnership (the "Operating Partnership"), into Shares, Mr. Hartman would own 1,788,382.42 Shares, including Shares issuable upon conversion of 861,976.37 OP Units owned by Houston R.E. Income Properties XIV, L.P. ("Houston XIV"), 342,428.96 OP Units held by Hartman Partnership, L.P., 49,418.39 OP Units held by Hartman Partnership XII, L.P. ("Hartman XII") and 33.00 OP Units held by Hartman Partnership XV, LLC ("Hartman XV"). Mr. Hartman and his wholly-owned affiliate own Hartman XII and Hartman XV. Op Units are convertible into Shares on a one-for-one basis.
2. Mr. Hartman does not own any limited partnership interests in Houston XIV. However, Mr. Hartman owns 100% of the equity of the general partner of Houston XIV. As a result, Mr. Hartman may be deemed to be the beneficial owner of the OP Units held by Houston XIV and/or 861,976.39 Shares into which these OP Units are convertible. Mr. Hartman disclaims beneficial ownership of these OP Units and all Shares into which such OP Units are convertible.
/s/ Allen R. Hartman 04/15/2004
** 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).
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