ASSOCIATED ESTATES REALTY CORP 4

Accession 0001209191-15-065157

CIK 0000911635operating

Filed

Aug 10, 8:00 PM ET

Accepted

Aug 11, 2:39 PM ET

Size

22.9 KB

Accession

0001209191-15-065157

Form 4

Period: 2015-08-07

DirectorChairman, President & CEO

Transactions

Disposition to Issuer
Common Shares, without par value
2015-08-07$28.75/sh−350,001$10,062,529→ 0 total
Disposition to Issuer
Common Shares, without par value
2015-08-07$28.75/sh−21,823.315$627,420→ 0 total(indirect: By 401(k))
Gift
Common Shares, without par value
2015-07-01−14,647→ 363,874 total
Disposition to Issuer
Common Shares, without par value
2015-08-07$28.75/sh−100,000$2,875,000→ 0 total(indirect: By Spouse)
Disposition to Issuer
Deferred Share Units
2015-08-07$28.75/sh−279,380$8,032,175→ 0 total
→ Common Share (279,380 underlying)
Disposition to Issuer
Empoyee Stock Options
2015-08-07$17.49/sh−125,000$2,186,250→ 0 total
Exercise: $11.26Exp: 2016-02-27→ Common Shares (125,000 underlying)
Gift
Common Shares, without par value
2015-07-02−13,873→ 350,001 total
Gift
Common Shares, without par value
2015-07-01−1,000→ 100,000 total(indirect: By Spouse)
Disposition to Issuer
Common Shares, without par value
2015-08-07$28.75/sh−5,685$163,444→ 0 total(indirect: By Trust)
Disposition to Issuer
Employee Stock Options
2015-08-07$13.46/sh−61,286$824,910→ 0 total
Exercise: $15.29Exp: 2022-02-15→ Common Shares (61,286 underlying)

Footnotes (9)

[F1]Disposed of pursuant to a merger agreement among the Issuer, BSREP II Aries Pooling LLC and BSREP II Aries DE Merger Sub Inc. in exchange for the right to receive $28.75 in cash per share.
[F2]Balance as of August 6, 2015
[F3]Deferred compensation held under the Issuer's deferred compensation plans ("DSUs").
[F4]Each DSU was the economic equivalent of one Issuer common share, and were initially payable pursuant to the Reporting Person's deferred compensation elections.
[F5]Includes DSUs acquired pursuant to dividend reinvestment.
[F6]Disposed of pursuant to a merger agreement among the Issuer, BSREP II Aries Pooling LLC and BSREP II Aries DE Merger Sub Inc. in exchange for the right to receive $28.75 in cash per DSU.
[F7]Options were fully vested.
[F8]Disposed of pursuant to a merger agreement among the Issuer, BSREP II Aries Pooling LLC and BSREP II Aries DE Merger Sub Inc. in exchange for the right to receive $13.46 per share underlying the stock options, representing the spread between the exercise price and the merger price of $28.75 per share.
[F9]Disposed of pursuant to a merger agreement among the Issuer, BSREP II Aries Pooling LLC and BSREP II Aries DE Merger Sub Inc. in exchange for the right to receive $17.49 per share underlying the stock options, representing the spread between the exercise price and the merger price of $28.75 per share.

Documents

1 file

ASSOCIATED ESTATES REALTY CORP

CIK 0000911635

Entity typeoperating

IncorporatedOH