KRAMONT REALTY TRUST 4

4 · KRAMONT REALTY TRUST · Filed Apr 20, 2005

Form 4Exit

Period: 2005-04-18

Director

Transactions

Disposition to Issuer
Common Shares of Beneficial Interest $.01 Par Value
[F1]
2005-04-18$23.50/sh−76,000$1,786,000→ 0 total
Disposition to Issuer
Options
[F2]
2005-04-18$9.00/sh−5,000$45,000→ 0 total
Exercise: $14.50Exp: 2008-01-15→ Common Stock (5,000 underlying)
Disposition to Issuer
Options
[F3]
2005-04-18$10.51/sh−5,000$52,525→ 0 total
Exercise: $12.99Exp: 2011-06-20→ Common Stock (5,000 underlying)
Disposition to Issuer
Options
[F4]
2005-04-18$8.35/sh−5,000$41,750→ 0 total
Exercise: $15.15Exp: 2012-06-10→ Common Stock (5,000 underlying)
Disposition to Issuer
Options
[F5]
2005-04-18$6.70/sh−5,000$33,500→ 0 total
Exercise: $16.80Exp: 2013-06-11→ Common Stock (5,000 underlying)

Footnotes (5)

[F1]Disposed of pursuant to merger agreement between issuer and CWAR OP Merger Sub III Trust.
[F2]This option was fully vested at the time of the merger and was cancelled in the merger in exchange for a cash payment of $45,000.00, representing the excess of $23.50 per share, in cash, without interest, over the exercise price per share of the option, multiplied by the number of common shares subject to the option.
[F3]This option was fully vested at the time of the merger and was cancelled in the merger in exchange for a cash payment of $52,525.00, representing the excess of $23.50 per share, in cash, without interest, over the exercise price per share of the option, multiplied by the number of common shares subject to the option.
[F4]This option was fully vested at the time of the merger and was cancelled in the merger in exchange for a cash payment of $41,750.00, representing the excess of $23.50 per share, in cash, without interest, over the exercise price per share of the option, multiplied by the number of common shares subject to the option.
[F5]This option was fully vested at the time of the merger and was cancelled in the merger in exchange for a cash payment of $33,500.00, representing the excess of $23.50 per share, in cash, without interest, over the exercise price per share of the option, multiplied by the number of common shares subject to the option.

Signature

/s/ Etta M. Strehle, Attorney-in-Fact for Milton S. Schneider|2005-04-20

Documents

1 file