TORTOISE NORTH AMERICAN ENERGY CORP 4
4 · TORTOISE NORTH AMERICAN ENERGY CORP · Filed Dec 19, 2014
Insider Transaction Report
Form 4
BIRZER H KEVIN
Director
Transactions
- Other
Common Shares
2014-06-23−6,717.606→ 0 total - Other
Common Shares
2014-06-23−888.115→ 0 total(indirect: By Spouse)
Footnotes (4)
- [F1]Disposed of pursuant to an agreement and plan of merger between Tortoise North American Energy Corporation ("TYN") and Tortoise Energy Infrastructure Corporation ("TYG") in exchange for 580 common shares of TYG and cash in lieu of fractional shares of TYG. The exchange rate was based on each company's relative net asset value ("NAV") per share as of June 20, 2014, the business day immediately preceding the closing of the merger, which was $50.95 for TYG and $33.32 for TYN. On June 20, 2014, the closing price of TYN common shares was $31.54 and the closing price of TYG common shares was $48.46.
- [F2]Includes 239.13 shares acquired under the TYN dividend reinvestment plan; excludes 148.631 shares previously held by adult child no longer living at home and in which the reporting person no longer had a reportable beneficial interest but which had been included in the reporting person's prior ownership information.
- [F3]Disposed of pursuant to an agreement and plan of merger between TYN and TYG in exchange for 4,391 common shares of TYG and cash in lieu of fractional shares of TYG. The exchange rate was based on each company's relative NAV per share as of June 20, 2014, the business day immediately preceding the closing of the merger, which was $50.95 for TYG and $33.32 for TYN. On June 20, 2014, the closing price of TYN common shares was $31.54 and the closing price of TYG common shares was $48.46.
- [F4]Includes 1,218.30 shares acquired under the TYN dividend reinvestment plan.