4//SEC Filing
Landmark Apartment Trust, Inc. 4
Accession 0001209191-15-044998
CIK 0001347523operating
Filed
May 19, 8:00 PM ET
Accepted
May 20, 5:59 PM ET
Size
7.3 KB
Accession
0001209191-15-044998
Insider Transaction Report
Form 4
Kobel Edward M
Director
Transactions
- Other
Operating Partnership Units
2015-05-19−100,773→ 1,162,952 total(indirect: By LLC)→ Common Stock (100,773 underlying)
Footnotes (4)
- [F1]The operating partnership units ("OP Units") represent units of limited partnership interests in Landmark Apartment Trust Holdings, LP (the "Operating Partnership"), 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 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), 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.
- [F2]The OP Units were redeemed by the issuer in connection with the issuer's acquisition, through the Operating Partnership, of that certain property known as Andros Isles Apartments and are valued at approximately $8.15 per unit.
- [F3]The OP Units do not have an expiration date.
- [F4]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, Inc.
CIK 0001347523
Entity typeoperating
Related Parties
1- filerCIK 0001347523
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 5:59 PM ET
- Size
- 7.3 KB