HOME PROPERTIES INC 4
4 · HOME PROPERTIES INC · Filed Oct 7, 2015
Insider Transaction Report
Form 4
BLANK STEPHEN R
Director
Transactions
- Disposition to Issuer
Deferred Share Units
2015-10-07$75.23/sh−6,598$496,368→ 0 total→ common stock (6,598 underlying) - Disposition to Issuer
Common Stock, Par Value $.01
2015-10-07$75.23/sh−4,269$321,157→ 0 total - Disposition to Issuer
Stock options
2015-10-07$25.88/sh+969$25,078→ 0 totalExercise: $49.35Exp: 2020-05-11→ common stock (969 underlying)
Footnotes (8)
- [F1]Includes common shares and restricted shares.
- [F2]Disposed of pursuant to the merger of Home Properties. Inc. with and into an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. in exchange for the right to receive $75.23 in cash per share.
- [F3]Deferred compensation held under the Issuer's deferred compensation plan ("DSUs").
- [F4]Each DSU was the economic equivalent of one Issuer common share, and were initially payable pursuant to the Reporting Person's deferred compensation elections.
- [F5]Includes DSUs acquired pursuant to dividend reinvestment.
- [F6]Disposed of pursuant to the merger of Home Properties, Inc. with and into an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. in exchange for the right to receive cash per DSU equal to the closing price for shares of Home Properties, Inc. common stock as listed on the New York Stock Exchange on the date before the merger occurs, as specified in the Home Properties, Inc. Director Deferred Compensation Plan.
- [F7]Options were fully vested.
- [F8]Disposed of pursuant to the merger of Home Properties, Inc. with and into an affiliate of Lone Star Estate Fund IV (U.S.), L.P. in exchange for the right to receive $25.88 per share underlying the stock options, representing the spread between the exercise price and the merger price of $75.23,