4//SEC Filing
Benson Kristen Michelle 4
Accession 0001104659-17-052711
CIK 0001639947other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 5:37 PM ET
Size
23.4 KB
Accession
0001104659-17-052711
Insider Transaction Report
Form 4
Benson Kristen Michelle
Vice President and Secretary
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2017-08-17−4,011→ 0 totalExercise: $21.60Exp: 2020-02-26→ Common Stock (4,011 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-08-17−13,679→ 0 totalExercise: $29.57Exp: 2024-03-07→ Common Stock (13,679 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-08-17−3,178→ 0 totalExercise: $27.95Exp: 2021-02-25→ Common Stock (3,178 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-08-17−3,739→ 0 totalExercise: $27.07Exp: 2022-03-09→ Common Stock (3,739 underlying) - Disposition to Issuer
Common Stock
2017-08-17−72,440→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2017-08-17−7,672→ 0 totalExercise: $34.37Exp: 2023-03-08→ Common Stock (7,672 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-08-17−16,067→ 0 totalExercise: $34.16Exp: 2025-03-06→ Common Stock (16,067 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2017-08-17−31,998→ 0 totalExercise: $29.94Exp: 2026-01-27→ Common Stock (31,998 underlying) - Award
Common Stock
2017-08-17+8,982→ 72,440 total
Footnotes (6)
- [F1]Pursuant to an Agreement and Plan of Merger, dated May 7, 2017 (the "Merger Agreement"), by and among Sabra Health Care REIT, Inc., a Maryland corporation ("Sabra"), Sabra Health Care Limited Partnership, a Delaware limited partnership, PR Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of Sabra ("Merger Sub"), Care Capital Properties, Inc., a Delaware corporation (the "Issuer"), and Care Capital Properties, LP, a Delaware limited partnership, the outstanding performance-based restricted stock units held by the Reporting Person immediately prior to the effective time of the merger (the "Merger") of Issuer with and into Merger Sub vested in full and were converted into an aggregate 8,982 shares of Issuer common stock.
- [F2]Pursuant to the Merger Agreement, each outstanding share of the Issuer's common stock was exchanged on August 17, 2017 for the right to receive 1.123 newly issued shares of Sabra's common stock (the "Merger Consideration"), subject to certain adjustments as set forth in the Merger Agreement. The closing price of shares of Sabra's common stock on August 16, 2017 was $21.72 per share.
- [F3]Fully vested.
- [F4]A portion of these options were scheduled to vest on March 6, 2018.
- [F5]These options were granted on January 27, 2016 and were scheduled to vest in three equal installments beginning on the first anniversary of the date of the grant.
- [F6]Pursuant to the Merger Agreement, each stock option, whether vested or unvested, that was outstanding and unexercised immediately prior to the effective time of the Merger vested in full (if not already vested), was assumed by Sabra and was converted into a stock option award to purchase a number of shares of Sabra common stock, at an exercise price per share of Sabra common stock under such option, based on the exchange ratio provided in the Merger Agreement, and will remain exercisable in accordance with the terms and conditions applicable to the original stock option.
Documents
Issuer
Care Capital Properties, Inc.
CIK 0001639947
Entity typeother
Related Parties
1- filerCIK 0001649642
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 5:37 PM ET
- Size
- 23.4 KB