CENTURY PROPERTIES FUND XV 4
4 · CENTURY PROPERTIES FUND XV · Filed Feb 21, 2012
Insider Transaction Report
Form 4
APARTMENT INVESTMENT & MANAGEMENT CO
10% Owner
Transactions
- Purchase
Limited Partnership Units
2012-02-21$41.83/sh+24,123.66$1,009,093→ 0 total(indirect: See Footnote)
Footnotes (1)
- [F1]On February 21, 2012, AIMCO CPF XV Merger Sub LLC (the "Merger Sub"), a wholly owned subsidiary of AIMCO Properties, L.P. ("AIMCO Properties"), merged with and into Century Properties Fund XV, LP ("CPF XV"), with CPF XV as the surviving entity. In the merger, (i) each unit of limited partnership interest of CPF XV (collectively, the "Partnership Units") outstanding immediately prior to the merger (other than Partnership Units as to which appraisal rights are elected) was converted into the right to receive, at the election of the holder, either $41.83 in cash, or 1.67 partnership common units of AIMCO Properties, and (ii) AIMCO Properties' membership interest in the Merger Sub was converted into 100 Partnership Units. A wholly owned subsidiary of Apartment Investment and Management Company ("AIMCO") is the general partner of AIMCO Properties, and another wholly owned subsidiary of AIMCO is a limited partner in AIMCO Properties with an approximately 93% interest.