Hartnett Michael S 4
4 · Campus Crest Communities, Inc. · Filed Oct 19, 2010
Insider Transaction Report
Form 4
Hartnett Michael S
DirectorCo-Chairman and CIO
Transactions
- Purchase
OP Units
2010-10-19+232,593→ 232,593 total(indirect: By LLC)→ Common Stock (232,593 underlying) - Award
Restricted OP Units
2010-10-19+150,000→ 150,000 total→ Common Stock (150,000 underlying)
Footnotes (4)
- [F1]The OP Units (the "Units") are convertible on a one-for-one basis into shares of common stock without payment of additional consideration. MXT Capital, LLC acquired the Units in exchange for the contribution of certain limited partnership interests, real property and other assets having an estimated market value of $2,907,413.
- [F2]The Units are vested as of the date of issuance. The Units have no expiration date.
- [F3]The Restricted OP Units (the "Restricted Units") are convertible on a one-for-one basis into shares of common stock upon lapse of the restrictions.
- [F4]The Restricted Units vest ratably in three equal annual installments beginning on the first anniversary of the date of grant. The Restricted Units have no expiration date.