Armada Hoffler Properties, Inc. 4
4 · Armada Hoffler Properties, Inc. · Filed Jan 21, 2014
Insider Transaction Report
Form 4
Davis John C.
Vice President
Transactions
- Other
Common Units
2014-01-17+10,508→ 113,653 totalFrom: 2015-01-17→ Common Stock (10,508 underlying)
Footnotes (1)
- [F1]Represents common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P., the operating partnership (the "Operating Partnership") of Armada Hoffler Properties, Inc. (the "Company") and of which the Company is the general partner. The Common Units were received in exchange for assets contributed to the Operating Partnership on January 17, 2014, and were valued at $11.50 per Common Unit, which was the initial public offering price per share of the Company's common stock. Commencing one year from the date of issuance, each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date.