KAPSON SENIOR QUARTERS CORP 4
4 · KAPSON SENIOR QUARTERS CORP · Filed Mar 6, 1998
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (3)
- [1]This Form 4 is also filed on behlf of Lazard Freres Real Estate Investors L.L.C.
- [2]Pursuant to a Stockholders Agreement, dated as of September 30, 1997 (the "Agreement"), between Prometheus Senior Quarters LLC ("Prometheus") and certain stockholders (the "Stockholders") of Kapson Senior Quarters Corp. (the "Company"), the Stockholders granted Prometheus an option (the "Option") to purchase 3,849,999 shares of the Common Stock, $.01 par value per share, of the Company (the "Shares") beneficially owned by the Stock- holders. On October 14, 1997, the Agreement was amended and the number of Shares covered by the Option was increased to include 300,001 shares over which the Stockholders had dispositive power pursuant to a power of attorney.
- [3]Prometheus Senior Quarters LLC is the direct beneficial owner of the Stock Option. Lazard Freres Real Estate Investors L.L.C., as the sole member of Prometheus Senior Quarters LLC, may be deemed beneficial owner of the Stock Option owned by Prometheus Senior Quarters LLC. However, this Form 4 shall not be deemed an admission that Lazard Freres Real Estate Investors, L.L.C. is the beneficial owner of the Stock Option covered by this statement.