4//SEC Filing
WINSTON HOTELS INC 4
Accession 0001209191-07-039766
CIK 0000920605operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 2:25 PM ET
Size
7.8 KB
Accession
0001209191-07-039766
Insider Transaction Report
Form 4
BORDEN EDWIN B JR
Director
Transactions
- Disposition to Issuer
Option
2007-07-01−2,000→ 0 totalExercise: $9.38From: 1999-05-18→ Common Stock (2,000 underlying) - Disposition to Issuer
Common Stock
2007-07-01$15.00/sh−50,500$757,500→ 0 total
Footnotes (2)
- [F1]Disposed of for $15.00 in cash pursuant to a merger agreement by and among Winston Hotels, Inc., WINN Limited Partnership, Inland American Real Estate Trust, Inc. and Inland American Acquisition (Winston), LLC (the "Merger Agreement").
- [F2]Pursuant to the Merger Agreement, each outstanding option held by the reporting person was terminated and cancelled in exhange for the right to receive $5.625, which represents the amount by which the common share merger consideration ($15.00) exceeds the option exercise price.
Documents
Issuer
WINSTON HOTELS INC
CIK 0000920605
Entity typeoperating
IncorporatedNC
Related Parties
1- filerCIK 0000920605
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 2:25 PM ET
- Size
- 7.8 KB