Davis John Lloyd 4
4 · ROBERTS REALTY INVESTORS INC · Filed Feb 17, 2009
Insider Transaction Report
Form 4
Davis John Lloyd
Director
Transactions
- Other
Common Stock
2009-01-29+8,852→ 22,852 total
Footnotes (1)
- [F1]On December 18, 2008, the board of directors of the issuer, a real estate investment trust, declared a pro rata distribution of $9,058,000, or $1.56 per share, payable on January 29, 2009 to shareholders of record at the close of business on December 29, 2008 in a combination of 20% in cash and 80% in its common stock, with shareholders having the right to elect cash or stock, subject to the limitation that the issuer would pay no more than 20% of the distribution in cash in total. In the distribution, the reporting person received a total of 8,852 shares of the issuer's common stock on January 29, 2009 for no consideration. The reporting person believes that the transaction is exempt under Rule 16a-9(a).