4//SEC Filing
Landmark Apartment Trust of America, Inc. 4
Accession 0001209191-14-022446
CIK 0001347523operating
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 3:27 PM ET
Size
17.2 KB
Accession
0001209191-14-022446
Insider Transaction Report
Form 4
Kobel Edward M
Director
Transactions
- Award
Common Stock
2014-03-20+1,000→ 2,000 total
Holdings
- 624,228(indirect: By LLC)
Opearting Partnership Units
→ Common Stock (624,228 underlying) - 428,263(indirect: By LLC)
Opearting Partnership Units
→ Common Stock (428,263 underlying) - 47,585(indirect: By LLC)
Opearting Partnership Units
→ Common Stock (47,585 underlying) - 386,398(indirect: By LLC)
Opearting Partnership Units
→ Common Stock (386,398 underlying) - 64,216(indirect: By LLC)
Opearting Partnership Units
→ Common Stock (64,216 underlying) - 57,433(indirect: By LLC)
Opearting Partnership Units
→ Common Stock (57,433 underlying) - 128,180(indirect: By LLC)
Opearting Partnership Units
→ Common Stock (128,180 underlying)
Footnotes (5)
- [F1]In connection with his initial election to the board of directors as an independent director, the board of directors granted Mr. Kobel 1,000 shares of restricted common stock at a meeting of the board of directors held on March 20, 2014. The shares of restricted common stock vested immediately as to 20.0% of the shares as of August 3, 2012, the date of Mr. Kobel's initial election to the board of directors, and 20.0% will vest on each of the first four anniversaries of the date of his initial election.
- [F2]Includes 1,000 shares of restricted common stock granted in connection with Mr. Kobel's re-election to the board of directors on June 5, 2013 as an independent director. 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.
- [F3]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 will, following a 12-month holding period, become 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), provided, however, if the common stock of the issuer has not become listed or admitted to trading on any national securities exchange at the time of the redemption, the cash amount, notwithstanding anything to the contrary, shall be $8.15 per redeemed OP 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
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 3:27 PM ET
- Size
- 17.2 KB