WINSTON HOTELS INC 4
4 · WINSTON HOTELS INC · Filed Jul 2, 2007
Insider Transaction Report
Form 4
SULLIVAN DAVID C
Director
Transactions
- Disposition to Issuer
Common Stock
2007-07-01$15.00/sh−27,776$416,640→ 0 total - Disposition to Issuer
Option
2007-07-01−2,000→ 0 totalExercise: $9.38From: 1999-05-18→ Common Stock (2,000 underlying)
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.