4//SEC Filing
O'Grady Matthew 4
Accession 0001140361-24-032280
CIK 0001820877other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 9:47 PM ET
Size
7.7 KB
Accession
0001140361-24-032280
Insider Transaction Report
Form 4
O'Grady Matthew
Senior Vice President
Transactions
- Disposition to Issuer
Class A Common Stock
2024-06-28$39.12/sh−10,946$428,208→ 16,036 total - Disposition to Issuer
Class A Common Stock
2024-06-28$39.12/sh−16,036$627,328→ 0 total
Footnotes (3)
- [F1]On June 28, 2024, the Issuer was acquired by Apex Purchaser LLC, Aries Purchaser LLC and Astro Purchaser LLC (collectively, the "Parent Entities"), pursuant to that certain Agreement and Plan of Merger entered into by and among the Issuer, the Parent Entities and Astro Merger Sub, Inc., a wholly owned subsidiary of the Parent Entities and an affiliate of Blackstone Real Estate Partners X L.P. ("Merger Sub"), dated as of April 7, 2024 (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving such merger as a wholly-owned subsidiary of the Parent Entities (the "Merger").
- [F2]At the effective time of the Merger (the "Effective Time"), each share of the Issuer's Class A common stock outstanding immediately prior to the Effective Time (other than certain excluded shares) was automatically canceled and converted into the right to receive $39.12 in cash, without interest and subject to any required withholding taxes (the "Merger Consideration").
- [F3]Reflects unvested time-based restricted stock awards. At the Effective Time, each Issuer restricted stock award outstanding immediately prior to the Effective Time, whether vested or unvested, was automatically canceled and converted into the right to receive an amount in cash (without interest and subject to applicable withholdings), equal to the product obtained by multiplying (x) the aggregate number of shares of Class A Common Stock subject to such restricted stock award by (y) the Merger Consideration.
Documents
Issuer
Apartment Income REIT Corp.
CIK 0001820877
Entity typeother
Related Parties
1- filerCIK 0001897527
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 9:47 PM ET
- Size
- 7.7 KB