Burns Robert 4
4 · American Realty Capital Trust, Inc. · Filed Jan 24, 2013
Insider Transaction Report
Form 4
Burns Robert
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01 per share
2013-01-22−96,085→ 0 total(indirect: Held by Robert H. Burns Holdings Limited) - Disposition to Issuer
Stock Option
2013-01-22−3,000→ 0 totalExercise: $10.00From: 2011-05-22Exp: 2019-05-22→ Common Stock (3,000 underlying) - Disposition to Issuer
Stock Option
2013-01-22−3,000→ 0 totalExercise: $10.00From: 2010-01-22Exp: 2018-01-22→ Common Stock (3,000 underlying) - Disposition to Issuer
Stock Option
2013-01-22−3,000→ 0 totalExercise: $10.00From: 2012-05-17Exp: 2020-05-17→ Common Stock (3,000 underlying)
Footnotes (2)
- [F1]Disposed of 96,085 shares of Issuer's common stock. All such shares are being disposed of pursuant to a merger agreement among the Issuer, Realty Income Corporation ("Realty") and Tau Acquisition LLC in exchange for 27,614 shares of Realty common stock at an exchange ratio of .2874 shares of Realty stock for each share of Issuer stock plus $0.35 in cash consideration per share. At the close of business on January 22, 2013, Realty stock had a market value of $44.04 per share. The fractional shares based upon the conversion of 96,085 shares at a ratio of .2874 Realty shares also resulted in a cash payment of $35.20.
- [F2]The aggregate of 9,000 Issuer Stock Options were converted into Realty shares at an exchange ratio minus $10.00 per share, or 593 Realty shares. The fractional shares based upon this conversion also resulted in a cash payment of $35.75.