Landmark Apartment Trust, Inc. 4
4 · Landmark Apartment Trust, Inc. · Filed Jan 27, 2016
Insider Transaction Report
Form 4
Frey Karl
Director
Transactions
- Disposition to Issuer
Common Stock
2016-01-27$8.17/sh−33,119.12$270,583→ 0 total
Footnotes (2)
- [F1]Includes (i) 2,671.27 shares of restricted common stock, 20% of which vested on the date of issuance, with the remaining shares of restricted common stock to vest in equal installments on each of the first four anniversaries of January 1, 2014; and (ii) 29,447.85 shares of restricted common stock, which were to vest in equal installments on each of the first four anniversaries of May 13, 2014.
- [F2]Pursuant to the terms of the Agreement and Plan of Merger, dated as of October 22, 2015, by and among Landmark Apartment Trust, Inc. ("Landmark"), Monument Partners, L.L.C. ("Monument"), Monument REIT Merger Sub, L.P., a wholly-owned subsidiary of Monument, Monument Partnership Merger Sub, L.P., a wholly-owned subsidiary of Monument, and Landmark Apartment Trust Holdings, LP (the "Merger Agreement"), each share of Landmark common stock owned by the reporting person immediately prior to the effective time of the REIT Merger (as defined in the Merger Agreement) converted at the effective time into the right to receive $8.17 in cash.