American Realty Capital Properties, Inc. 4
4 · American Realty Capital Properties, Inc. · Filed Feb 12, 2014
Insider Transaction Report
Form 4
BLOCK BRIAN S
EVP & CFO
Transactions
- Other
Common Stock
2014-02-07$12.79/sh+11,685$149,472→ 906,379 total - Other
Operating Partnership Units
2014-02-07+6→ 6 totalExercise: $0.00→ Common Stock (6 underlying)
Holdings
- 2,402
Operating Partnership Units
→ Common Stock - 5,159
Series F Cumulative Redeemable Preferred Stock
- 4,000(indirect: By Trust)
Series F Cumulative Redeemable Preferred Stock
- 196,223
Operating Partnership Units
→ Common Stock - 9,325
Operating Partnership Units
→ Common Stock - 57,363
Operating Partnership Units
→ Common Stock - 1,708
Operating Partnership Units
→ Common Stock - 196,531
Operating Partnership Units
→ Common Stock - 6
Operating Partnership Units
→ Common Stock - 35,954
Operating Partnership Units
→ Common Stock - 247,885
Operating Partnership Units
→ Common Stock - 1,754,236
LTIPs
→ Common Stock
Footnotes (4)
- [F1]Issued in lieu of cash for previously earned asset management fees payable to the issuer's manager. The reporting person is an equity holder of the manager. As a result of the issuer's transition to self-management and elimination of the manager, these shares were issued ratably to the reporting person and are now owned directly.
- [F2]Terms of such security have been reported on Form 4 previously filed by reporting person.
- [F3]In return for the initial capital contribution of $2,020 made by the advisor of American Realty Capital Trust III, Inc. ("ARCT III") in connection with its formation, ARCT III's operating partnership issued operating partnership units to the ARCT III advisor. Upon the consummation of the merger of the issuer and ARCT III, each ARCT III operating partnership unit was converted into 0.95 operating partnership units of the issuer's operating partnership. The reporting person owned equity interest in the ARCT III advisor. The OP units are being issued pro rata to the reporting person and are now owned directly.
- [F4]Operating partnership units are exchangeable for cash or, at the option of the issuer, shares of the issuer's common stock on a one-to-one basis. Operating partnership units are exchangeable, except under certain limited circumstances, beginning one year from the date of issuance, which includes the holding period of any units that were converted into operating partnership units and have no expiration date.