Excel Trust, Inc. 4
4 · Excel Trust, Inc. · Filed Jul 31, 2015
Insider Transaction Report
Form 4
NAKAGAWA JAMES Y
CFO and Treasurer
Transactions
- Disposition to Issuer
Common Stock
2015-07-31$15.85/sh−125,910$1,995,674→ 0 total - Disposition to Issuer
Common Operating Partnership Units
2015-07-31−56,564→ 0 totalFrom: 2011-04-28→ Common Stock (56,564 underlying)
Footnotes (4)
- [F1]In connection with the merger of Excel Trust, Inc. with and into BRE Retail Centers Corp, an affiliate of The Blackstone Group L.P., and the Agreement and Plan of Merger, dated as of April 9, 2015, among Excel Trust, Inc., Excel Trust, L.P. and affiliates of The Blackstone Group L.P., each holder of shares of common stock of Excel Trust, Inc. received $15.85 in cash in exchange for each such share.
- [F2]Common Operating Partnership Units in Excel Trust, L.P., a Delaware limited partnership, of which the Issuer is the general partner. The Common Operating Partnership Units are redeemable for cash based upon the fair market value of an equivalent number of shares of the Issuer's Common Stock, or, at the election of the Issuer, shares of the Issuer's Common Stock on a one-for-one basis.
- [F3]The Common Operating Partnership Units have no expiration date.
- [F4]In connection with the merger of BRE Retail Centers LP, an affiliate of The Blackstone Group L.P., with and into Excel Trust, L.P., and the Agreement and Plan of Merger, dated as of April 9, 2015, among Excel Trust, Inc., Excel Trust, L.P. and affiliates of The Blackstone Group L.P., the Reporting Person's units were converted into 5.50% Series C Cumulative Preferred Units of the surviving partnership in the merger, on a one-for-one basis.