4//SEC Filing
Hurren Ryan 4
Accession 0000890319-20-000136
CIK 0000890319other
Filed
Dec 30, 7:00 PM ET
Accepted
Dec 31, 10:23 AM ET
Size
11.7 KB
Accession
0000890319-20-000136
Insider Transaction Report
Form 4
Hurren Ryan
VP, Investor Relations, CAO
Transactions
- Disposition to Issuer
Common Stock
2020-12-29−343→ 0 total - Disposition to Issuer
Restricted Stock Units
2020-12-29−429→ 1,753 totalExercise: $0.00→ Common Stock (429 underlying) - Disposition to Issuer
Restricted Stock Units
2020-12-29−1,753→ 0 totalExercise: $0.00→ Common Stock (1,753 underlying) - Disposition to Issuer
Common Stock
2020-12-29−188→ 0 total(indirect: By 401(k))
Footnotes (4)
- [F1]Pursuant to the Amended and Restated Agreement and Plan of Merger, dated as of November 14, 2020, by and among Taubman Centers, Inc. (Taubman), Simon Property Group, Inc. (Simon), and certain other parties thereto (the Merger Agreement), at the effective time of the mergers, each outstanding share of common stock of Taubman was cancelled and converted into the right to receive $43.00 in cash (the Common Stock Merger Consideration).
- [F2]Represents shares of the Taubman's common stock on an as-converted basis held through a stock fund of Taubman's 401(k) plan.
- [F3]Each restricted stock unit (RSU) represents a contingent right to receive upon vesting one share of Taubman common stock and an amount equal to the cash value of the dividends that would have been paid to the reporting person if one share of common stock had been issued on the grant date for each RSU granted to the reporting person under this award. Pursuant to the Merger Agreement, at the effective time of the mergers, each RSU that vests in connection with the closing of the mergers and corresponding dividend equivalent right was cancelled in exchange for an amount equal to the Common Stock Merger Consideration and the accrued cash value of the dividends that have accrued since the grant date.
- [F4]Pursuant to the Merger Agreement, at the effective time of the mergers, each unvested RSU and corresponding dividend equivalent right was converted into a cash substitute award to be paid on the same vesting schedule that applied to the original RSU award.
Documents
Issuer
TAUBMAN CENTERS INC
CIK 0000890319
Entity typeother
Related Parties
1- filerCIK 0001830729
Filing Metadata
- Form type
- 4
- Filed
- Dec 30, 7:00 PM ET
- Accepted
- Dec 31, 10:23 AM ET
- Size
- 11.7 KB