4//SEC Filing
POST PROPERTIES INC 4
Accession 0001209191-16-152539
CIK 0000903127operating
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 6:22 PM ET
Size
24.4 KB
Accession
0001209191-16-152539
Insider Transaction Report
Form 4
COHEN SHERRY W
EVP and Secretary
Transactions
- Tax Payment
Common Stock
2016-11-30$65.02/sh−3,359$218,402→ 16,638 total - Disposition to Issuer
Units in 401(k) Plan
2016-11-30−2,814.102→ 0 total→ Common Stock (2,814.102 underlying) - Disposition to Issuer
Stock Option
2016-11-30−3,950→ 0 totalExercise: $46.93Exp: 2024-01-31→ Common Stock (3,950 underlying) - Disposition to Issuer
Stock Option
2016-11-30−10,070→ 0 totalExercise: $57.80Exp: 2026-02-01→ Common Stock (10,070 underlying) - Tax Payment
Common Stock
2016-11-30$65.02/sh−2,858$185,827→ 19,997 total - Disposition to Issuer
Common Stock
2016-11-30−16,638→ 0 total - Disposition to Issuer
Stock Option
2016-11-30−3,080→ 0 totalExercise: $60.40Exp: 2025-02-03→ Common Stock (3,080 underlying) - Tax Payment
Common Stock
2016-11-30$65.02/sh−818$53,186→ 22,855 total - Disposition to Issuer
Stock Option
2016-11-30−990→ 0 totalExercise: $44.05Exp: 2022-01-25→ Common Stock (990 underlying) - Disposition to Issuer
Stock Option
2016-11-30−3,020→ 0 totalExercise: $50.30Exp: 2023-01-28→ Common Stock (3,020 underlying)
Footnotes (4)
- [F1]As of November 30, 2016, Issuer was acquired by Mid-America Apartment Communities, Inc. ("MAA") pursuant to a merger agreement dated August 15, 2016 (Merger Agreement"), as described in the Issuer/MAA Joint Proxy Statement dated September 30, 2016 and filed by MAA with the SEC on that date (the "Merger"). Each outstanding share of Issuer Common Stock was converted into .71 shares of MAA Common Stock ("Exchange Ratio") with cash paid for fractional shares. All dispositions by Reporting Person in the Merger were approved in advance by the Issuer Board of Directors.
- [F2]Issuer outstanding unvested restricted stock units ("RSU's") became fully vested under the Merger Agreement and Issuer shares were withheld for payment of withholding income taxes. All vested RSU's were then converted into MAA common stock at the Exchange Ratio.
- [F3]The issuer's outside administrator for the employees 401(k) plan held issuer stock in a pooled fund as a participant investment option. Participant contributions designated to be invested in issuer common stock were accounted for as units of interest in the issuer fund. As of 11/30/2016, the equivalent of 2814.101815 shares of common stock were held in the issuer 401(k) Plan. These shares were converted into shares of MAA common stock at the Exchange Ratio.
- [F4]Issuer outstanding stock options, if not yet vested became vested, and all Issuer stock options were converted at the Exchange Ratio into MAA fully vested stock options under the terms of each outstanding Issuer stock option. Cash was paid for fractional shares.
Documents
Issuer
POST PROPERTIES INC
CIK 0000903127
Entity typeoperating
IncorporatedGA
Related Parties
1- filerCIK 0000903127
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 6:22 PM ET
- Size
- 24.4 KB