<SEC-DOCUMENT>0001010549-14-000345.txt : 20140723
<SEC-HEADER>0001010549-14-000345.hdr.sgml : 20140723
<ACCEPTANCE-DATETIME>20140723143955
ACCESSION NUMBER:		0001010549-14-000345
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140717
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20140723
DATE AS OF CHANGE:		20140723

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN REALTY INVESTORS INC
		CENTRAL INDEX KEY:			0001102238
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
		IRS NUMBER:				752847135
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15663
		FILM NUMBER:		14988630

	BUSINESS ADDRESS:	
		STREET 1:		1603 LBJ FREEWAY
		STREET 2:		SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		4695224200

	MAIL ADDRESS:	
		STREET 1:		1603 LBJ FREEWAY
		STREET 2:		SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ari8k072314.htm
<DESCRIPTION>AMERICAN REALTY INVESTORS
<TEXT>
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<div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Pursuant to Section 13 or 15(d) of the Securities Exchange Act</font><br>
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<div style="LINE-HEIGHT: 13.7pt; TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On July 17, 2014, the holder of 890,797 shares of Series A Cumulative Convertible Preferred Stock (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Series A Preferred Stock</font>&#8221;) of American Realty Investors, Inc. (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Issuer</font>&#8221; or the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Company</font>&#8221; or &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">ARL</font>&#8221;) surrendered 890,797 shares for conversion into Common Stock. Under the Articles of Incorporation, the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Conversion Date</font>&#8221; was the date of surrender and the calculated &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Conversion Price</font>&#8221; was 90% of the simple average of the daily closing price of the Common Stock for the twenty Trading Days immediately prior to the date of conversion on the New York Stock Exchange (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">NYSE</font>&#8221;), which yielded an average closing price, resulting in a Conversion Price of $6.07 per share. As of the Conversion Date, the 890,797 shares of Series A Preferred Stock of ARL also had accumulated dividends, which yielded additional accrued dividends to be added to the aggregate liquidation value, which, when divided by the Conversion Price, yielded a base amount, which was rounded up to 2,502,230 shares of Common Stock issued upon conversion to such holder. The issuance of 2,502,230 shares of Common Stock, effective July 17, 2014, increased the number of issued and outstanding shares of Common Stock from 11,525,389 shares to 14,027,619 shares of Common Stock. No significant effect occurred with respect to the balance sheet of ARL except that certain dividends payable were eliminated as a liability by crediting the same amount to stockholders&#8217; equity.</font></div>

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<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">AMERICAN REALTY INVESTORS, INC.</font></font></font></div>
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<td align="left" nowrap valign="top" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">/s/&#160;Gene S. Bertcher</font></td>
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<td align="left" nowrap valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gene S. Bertcher, Executive Vice</font></td>
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<td valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">President and Chief Financial Officer</font></td>
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