FRANK ROBERT A 4
4 · MID ATLANTIC REALTY TRUST · Filed Oct 2, 2003
Insider Transaction Report
Form 4
FRANK ROBERT A
Director
Transactions
- Disposition to Issuer
STOCK OPTION (RIGHT TO BUY)
2003-10-01$7.62/sh−10,000$76,200→ 0 totalExercise: $13.38From: 1997-11-14Exp: 2007-11-14→ COMMON SHARES (10,000 underlying) - Disposition to Issuer
COMMON SHARES
2003-10-01$21.05/sh−36,857$775,840→ 0 total - Disposition to Issuer
STOCK OPTION (RIGHT TO BUY)
2003-10-01$3.60/sh−3,409$12,272→ 0 totalExercise: $17.40From: 2004-01-02Exp: 2013-01-02→ COMMON SHARES (3,409 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to the merger agreement providing for the merger of the Issuer into a subsidiary of Kimco Realty Corporation. Pursuant to the merger agreement, the reporting person will receive $21.051 per common share.
- [F2]Pursuant to the the terms of the merger agreement, these options were cancelled in the merger in exchange for an aggregate cash payment of $73,200.00, representing the difference between the exercise price of each option and $21.00 per share.
- [F3]All unvested portions of these options were accelerated pursuant to the terms of the merger agreement. After such accelerated vesting, these options were cancelled in the merger in exchange for an aggregate cash payment of $12,272.00, representing the difference between the exercise price of each option and $21.00 per share.