4//SEC Filing
STRATUS PROPERTIES INC 4
Accession 0000909143-16-000072
$STRSCIK 0000885508operating
Filed
May 8, 8:00 PM ET
Accepted
May 9, 6:18 PM ET
Size
9.1 KB
Accession
0000909143-16-000072
Insider Transaction Report
Form 4
DEAN DAVID M
Other
Transactions
- Other
Repurchase Option (obligation to sell)
2016-05-05−45,000→ 45,000 totalExercise: $18.00→ Common Stock (45,000 underlying) - Purchase
Common Stock, par value $0.01 per share
2016-05-05$18.00/sh+45,000$810,000→ 45,000 total
Footnotes (2)
- [F1]On May 5, 2016, the Reporting Person entered into a Stock Purchase and Option Agreement with Mr. Carl E. Berg (the "Agreement"), pursuant to which the Reporting Person agreed to purchase and Mr. Berg agreed to sell 45,000 shares of the Issuer's Common Stock, par value $0.01 per share ("Common Stock"), beneficially owned by Mr. Berg, for an aggregate price of $810,000, subject to the terms and conditions of the Agreement, including but not limited to the grant by the Reporting Person of a call option with respect to such 45,000 shares of Common Stock in favor of Mr. Berg. Mr. Berg will have the option to repurchase such shares at $18.00 if the Reporting Person fails to serve a full three-year term as director of the Issuer, with the option lapsing as to one-third of the shares each June 30 beginning June 30, 2017. [FN-1 CONTINUED IN REMARKS SECTION OF THIS FORM 4]
- [F2]As reflected in a Statement on Schedule 13D jointly filed by the Reporting Person, Carl E. Berg and Michael L. Knapp, the Reporting Person may be deemed to beneficially own 1,421,002 shares of Common Stock as a member of the group along with Mr. Berg and Mr. Knapp, including the 45,000 shares of Common Stock the Reporting Person agreed to purchase from Mr. Berg (the "Purchased Shares"). The Reporting Person disclaims beneficial ownership of such securities and has no pecuniary interest therein, except with respect to the Purchased Shares.
Documents
Issuer
STRATUS PROPERTIES INC
CIK 0000885508
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000885508
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 6:18 PM ET
- Size
- 9.1 KB