INNKEEPERS USA TRUST/FL 4
4 · INNKEEPERS USA TRUST/FL · Filed Jul 2, 2007
Insider Transaction Report
Form 4
DEBOER JACK P
Other
Transactions
- Disposition to Issuer
Trustee Share (option to buy)
2007-06-29−1,000→ 0 totalExercise: $16.69From: 1997-11-01Exp: 2007-10-31→ Common Shares (1,000 underlying) - Disposition to Issuer
Trustee Share (option to buy)
2007-06-29−2,000→ 0 totalExercise: $10.19From: 2000-11-01Exp: 2010-10-31→ Common Shares (2,000 underlying) - Disposition to Issuer
Common Shares
2007-06-29$17.75/sh−13,882$246,406→ 0 total - Disposition to Issuer
Common Units of Limited Partnership Interest
2007-06-29−9,966→ 0 total→ Common Shares (9,966 underlying)
Footnotes (3)
- [F1]Pursuant to the Merger Agreement between Innkeepers USA Trust and Grand Prix Holdings LLC, each common share was cancelled and converted into the right to receive $17.75 (the "Merger Consideration").
- [F2]Shares granted under shareholder-approved non-executive trustee share incentive plan. Pursuant to the Merger Agreement, options to acquire shares of common stock were cancelled and converted into the right to receive an amount in cash equal to the excess, if any, of the Merger Consideration over the exercise price per share.
- [F3]Pursuant to the Merger Agreement, the limited partnership agreement was amended and filer elected to convert units into new Series D Preferred limited partnership units. Each Series D unit is redeemable at any time at the filer's option for the Merger Consideration.