4//SEC Filing
Landmark Apartment Trust of America, Inc. 4
Accession 0001209191-13-056154
CIK 0001347523operating
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 5:26 PM ET
Size
8.0 KB
Accession
0001209191-13-056154
Insider Transaction Report
Form 4
Kobel Edward M
Director
Transactions
- Other
Operating Partnership Units
2013-12-06+604,906→ 604,906 total(indirect: By LLC)→ Common stock (604,906 underlying)
Holdings
- 1,000
Common Stock
Footnotes (5)
- [F1]In connection with his re-election as an independent director to the board of directors on June 5, 2013, Mr. Kobel was granted 1,000 shares of restricted common stock. The shares of restricted common stock vested immediately as to 20.0% of the shares on the grant date and 20.0% will vest on each of the first four anniversaries of the grant date.
- [F2]The operating partnership units ("OP Units") represent units of limited partnership interests in Landmark Apartment Trust of America Holdings, LP, of which the issuer is the general partner. The OP Units have the rights and preferences as set forth in the partnership agreement of the operating partnership of the issuer, and are redeemable in exchange for either (i) shares of common stock of the issuer on a one-for-one basis or (ii) a cash amount equal to the product of (A) the number of redeemed OP Units, multiplied by (B) the "cash amount" (as defined in the partnership agreement of the operating partnership of the issuer).
- [F3]The OP Units were issued as part of the consideration paid by the issuer in connection with the issuer?s purchase of certain properties and are valued at approximately $8.15 per unit.
- [F4]The OP Units do not have an expiration date.
- [F5]The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Documents
Issuer
Landmark Apartment Trust of America, Inc.
CIK 0001347523
Entity typeoperating
Related Parties
1- filerCIK 0001347523
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 5:26 PM ET
- Size
- 8.0 KB