BLACKROCK APEX MUNICIPAL FUND INC 4
4 · BLACKROCK APEX MUNICIPAL FUND INC · Filed Mar 2, 2011
Insider Transaction Report
Form 4
GABBAY HENRY
Director
Transactions
- Disposition to Issuer
Common Stock
2011-02-28−1,200→ 0 total
Footnotes (1)
- [F1]Effective as of February 28, 2011, the Issuer merged with BlackRock MuniAssets Fund, Inc. (the "Acquiring Fund," and such merger, the "Reorganization"). In the Reorganization, common stockholders of the Issuer received shares of common stock of the Acquiring Fund in an amount equal to the aggregate net asset value of the Issuer's common stock as determined at the close of business on February 25, 2011, less the costs of the Reorganization (although cash was distributed for any fractional shares of common stock). As of February 25, 2011, the Issuer reported a net asset value per share of $8.8277 and the Acquiring Fund reported a net asset value per share of $12.1158. The conversion ratio for the Issuer's shares of common stock was 0.72861057. In the Reorganization, Mr. Gabbay received 874 shares of common stock of the Acquiring Fund in exchange for his 1200 shares of common stock of the Issuer.