4//SEC Filing
Landmark Apartment Trust of America, Inc. 4
Accession 0001181431-13-038180
CIK 0001347523operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 5:46 PM ET
Size
13.0 KB
Accession
0001181431-13-038180
Insider Transaction Report
Form 4
Douglas Robert A. S.
Director
Transactions
- Disposition to Issuer
Series A Cumulative Non-Convert. Redeemable Preferred Stock
2013-06-28$56213710.00/sh−5,000,000$281,068,550,000,000→ 0 total(indirect: By Partnership) - Purchase
Common Stock
2013-07-01$8.15/sh+1,840,491$15,000,002→ 1,840,491 total(indirect: By Partnership) - Other
Operating Partnership Units
2013-07-01+773,876→ 3,445,332 total(indirect: By Elco LR OPT II REIT LP)→ Common Stock (773,876 underlying) - Other
Operating Partnership Units
2013-07-01+39,307→ 3,484,639 total(indirect: By Elco LR OPT II REIT LP)→ Common Stock (39,307 underlying)
Footnotes (6)
- [F1]The reported securities were redeemed for cash by the issuer in accordance with the terms of the securities.
- [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 were issued as part of the consideration paid by the issuer in connection with the issuer's purchase of certain properties, and are valued at approximately $8.15 per unit.
- [F4]The OP Units do not have an expiration date.
- [F5]The OP Units were acquired for nominal consideration consisting of 0.0001 common units in Elco LR OPT II REIT LP having an aggregate value of $2.02.
- [F6]The reporting person is an employee of an entity which indirectly through one or more affiliates owns 49.9% of the outstanding equity interest in Elco LR OPT II REIT LP. 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.
Documents
Issuer
Landmark Apartment Trust of America, Inc.
CIK 0001347523
Entity typeoperating
Related Parties
1- filerCIK 0001347523
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 5:46 PM ET
- Size
- 13.0 KB