ASSOCIATED ESTATES REALTY CORP 4
4 · ASSOCIATED ESTATES REALTY CORP · Filed Aug 11, 2015
Insider Transaction Report
Form 4
Shannon John
Sr. V.P., Operations
Transactions
- Disposition to Issuer
Common Shares, without par value
2015-08-07$28.75/sh−3,281.352$94,339→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Common Shares, without par value
2015-08-07$28.75/sh−200,577$5,766,589→ 0 total - Disposition to Issuer
Deferred Share Units
2015-08-07$28.75/sh−12,039$346,121→ 0 total→ Common Share (12,039 underlying) - Disposition to Issuer
Empoyee Stock Options
2015-08-07$17.49/sh−39,090$683,684→ 0 totalExercise: $11.26Exp: 2016-02-27→ Common Shares (39,090 underlying)
Footnotes (8)
- [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 $17.49 per share underlying the stock options, representing the spread between the exercise price and the merger price of $28.75 per share.