THOMAS PROPERTIES GROUP INC 4
4 · THOMAS PROPERTIES GROUP INC · Filed Dec 19, 2013
Insider Transaction Report
Form 4
Merkle Todd Leslie
Chief Investment Officer
Transactions
- Disposition from Tender
Phantom Stock
2013-12-19−58,500→ 0 total→ Common Stock (58,500 underlying) - Disposition from Tender
Common Stock
2013-12-19−16,500→ 0 total
Footnotes (4)
- [F1]Disposed of pursuant to an Agreement and Plan Of Merger (the "Merger Agreement"), dated as of September 4, 2013, by and among Parkway Properties, Inc. ("Parkway"), Parkway Properties LP, PKY Masters, LP, Thomas Properties Group, Inc. ("Thomas") and Thomas Properties Group, L.P., pursuant to which each common share of beneficial interest of Thomas was converted into 0.3822 shares of common stock of Parkway and cash payable in lieu of any fractional shares of common stock of Parkway.
- [F2]Each Phantom Share is the economic equivalent of one share of TPGI stock.
- [F3]The Phantom Shares vest the earlier of (1) ratably over a three year period subject to achievement of certain company and grantee performance criteria, provided that the stockholder approval necessary for the settlement of Phantom Shares in shares of TPGI stock under the company's existing Equity Incentive Plan has then been obtained, and (2) on the fifth anniverary of the grant date.
- [F4]Disposed of pursuant to an Agreement and Plan Of Merger (the "Merger Agreement"), dated as of September 4, 2013, by and among Parkway Properties, Inc. ("Parkway"), Parkway Properties LP, PKY Masters, LP, Thomas Properties Group, Inc. ("Thomas") and Thomas Properties Group, L.P., pursuant to which each phantom share of beneficial interest of Thomas was converted into 0.3822 shares of common stock of Parkway and cash payable in lieu of any fractional shares of common stock of Parkway.