Douglas Robert A. S. 4
4 · Landmark Apartment Trust of America, Inc. · Filed Mar 1, 2013
Insider Transaction Report
Form 4
Douglas Robert A. S.
Director
Transactions
- Purchase
Series A Cumulative Non-Convert. Redeemable Preferred Stock
2013-02-27$10.00/sh+1,000,000$10,000,000→ 5,000,000 total(indirect: By Partnership)
Holdings
- 2,671,456(indirect: By Elco LR OPT II REIT LP)
Operating Partnership Units
→ Common Stock (2,671,456 underlying)
Footnotes (3)
- [F1]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F2]The operating partnership units ("OP Units") represent units of limited partnership interests in Landmark Apartment Trust of America Holdings, LP, of which the issuer is the general partner. The OP Units have the rights and preferences as set forth in the partnership agreement of the operating partnership of the issuer, and will, following a 12-month holding period, become redeemable in exchange for either (i) shares of common stock of the issuer on a one-for-one basis or (ii) a cash amount equal to the product of (A) the number of redeemed OP Units, multiplied by (B) the "cash amount" (as defined in the partnership agreement of the operating partnership of the issuer), provided, however, if the common stock of the issuer has not become listed or admitted to trading on any national securities exchange at the time of the redemption, the cash amount, notwithstanding anything to the contrary, shall be $8.15 per redeemed OP Unit.
- [F3]The OP Units do not have an expiration date.