HORIZON GROUP INC 4
4 · HORIZON GROUP INC · Filed Jul 10, 1998
Insider Transaction Report
Form 4
No transactions or holdings reported in this filing.
Footnotes (3)
- [1]On June 15, 1998, Horizon Group, Inc. merged into Sky Merger Corp., a wholly-owned subsidiary and immediately thereafter, Prime Retail, Inc., merged into Sky Merger Corp. (the "Merger"). The surviving corporation in the Merger changed its name to Prime Retail, Inc. and is trading under the symbol PRT.
- [2]Converted into common shares of Prime Retail, Inc. and Series B Preferred Stock of Prime Retail, Inc. at the exchange ratio of 0.597 of a share of Prime Retail, Inc. common stock and 0.20 of a share of Prime Retail, Inc.. Series B Preferred Stock per share of Horizon common stock.
- [3]This option was assumed by Prime Retail, Inc. and is now exercisable for shares of Prime Retail, Inc. common stock on the same terms except the option continues to be exercisale regardless of death, disability or termination of optionee. /s/ Martin Sherman ________________________________ **