4//SEC Filing
Wrenn Hannah 4
Accession 0001104659-19-035715
CIK 0001176373other
Filed
Jun 13, 8:00 PM ET
Accepted
Jun 14, 5:18 PM ET
Size
7.9 KB
Accession
0001104659-19-035715
Insider Transaction Report
Form 4
TIER REIT INCTIER
Wrenn Hannah
Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock
2019-06-14−8,050→ 0 total - Tax Payment
Common Stock
2019-06-14$28.58/sh−3,090$88,312→ 8,050 total
Footnotes (3)
- [F1]Shares withheld upon the vesting of restricted stock to pay the reporting person's tax withholding obligations as permitted under the TIER REIT Inc. 2015 Equity Incentive Plan (the "TIER Equity Plan").
- [F2]Pursuant to the agreement and plan of merger, dated as of March 25, 2019 (as amended or supplemented from time to time, the "Merger Agreement"), by and among TIER REIT, Inc. ("TIER"), Cousins Properties Incorporated ("Cousins") and Murphy Subsidiary Holdings Corporation ("Murphy Sub"), on June 14, 2019, TIER merged with and into Murphy Sub, with Murphy Sub surviving the merger (the "Merger"). As a result of the Merger, immediately prior to the effective time of the Merger, each award of restricted shares of TIER common stock, par value $0.0001 per share ("TIER Common Stock"), outstanding became fully vested in accordance with the terms of the TIER Equity Plan, the award agreement evidencing the grant of such restricted shares of TIER Common Stock or other agreement or document evidencing such grant.
- [F3]Pursuant to the Merger Agreement, each outstanding share of TIER Common Stock held by the reporting person was automatically converted into the right to receive 2.98 shares of Cousins common stock, par value $1.00 per share ("Cousins Common Stock"), subject to any withholding required under applicable tax law, plus cash in lieu of any fractional shares of Cousins Common Stock. On June 13, 2019, the closing price of TIER Common Stock was $28.58 and the closing price of Cousins Common Stock was $9.61.
Documents
Issuer
TIER REIT INC
CIK 0001176373
Entity typeother
Related Parties
1- filerCIK 0001733816
Filing Metadata
- Form type
- 4
- Filed
- Jun 13, 8:00 PM ET
- Accepted
- Jun 14, 5:18 PM ET
- Size
- 7.9 KB