Keating Kevin J 4
4 · Steadfast Apartment REIT, Inc. · Filed Mar 6, 2020
Insider Transaction Report
Form 4
Keating Kevin J
Treasurer
Transactions
- Award
Common Stock
2020-03-06+2,792.26→ 2,792.26 total
Footnotes (1)
- [F1]Reflects the acquisition of shares of issuer's common stock in connection with the merger (the "Merger") of Steadfast Income REIT, Inc. ("SIR") with and into SI Subsidiary, LLC, a wholly-owned subsidiary of the issuer. In the Merger, each share of SIR common stock, par value $0.01 per share ("SIR Common Stock"), was converted into the right to receive 0.5934 shares of Common Stock of the issuer ("STAR Common Stock"), par value $0.01 per share. Pursuant to the agreement and plan of merger governing the Merger, the parties thereto agreed that the current value of the 0.5934 share of STAR Common Stock to be received per SIR Common Stock is equivalent to $9.399, which is based on the issuer's most recently estimated per share net asset value per share of $15.84.