Morgans Hotel Group Co. 4
4 · Morgans Hotel Group Co. · Filed Dec 1, 2016
Insider Transaction Report
Form 4
Farhat Chadi M.
See Remarks
Transactions
- Disposition to Issuer
Common Stock
2016-11-30$2.25/sh−4,754$10,697→ 0 total
Footnotes (1)
- [F1]On May 9, 2016, the issuer entered into an Agreement and Plan of Merger (the "Merger Agreement") with SBEEG Holdings, LLC, a Delaware limited liability company ("Trousdale"), and Trousdale Acquisition Sub Inc., a Delaware corporation ("Sub-S"), a wholly owned subsidiary of Trousdale. Pursuant to the Merger Agreement, Sub-S merged with and into the issuer, and the issuer continued as a wholly owned subsidiary of Trousdale (the "Merger"). At the effective time of the Merger, each outstanding share of the issuer's common stock (including the shares of common stock relating to previously unvested restricted stock unit awards and LTIP units) was cancelled and converted into the right to receive $2.25 in cash (the "per share merger consideration"). The Merger is more fully described in the issuer's Proxy Statement filed with the SEC on August 4, 2016.