POST PROPERTIES INC 4
4 · POST PROPERTIES INC · Filed Nov 30, 2016
Insider Transaction Report
Form 4
QUIRK ARTHUR J
SVP & CAO
Transactions
- Tax Payment
Common Stock
2016-11-30$65.02/sh−570$37,061→ 16,091 total - Tax Payment
Common Stock
2016-11-30$65.02/sh−784$50,976→ 15,307 total - Disposition to Issuer
Common Stock
2016-11-30−15,307→ 0 total - Disposition to Issuer
Stock Options
2016-11-30−660→ 0 totalExercise: $46.93Exp: 2024-01-31→ Common Stock (660 underlying) - Tax Payment
Common Stock
2016-11-30$65.02/sh−284$18,466→ 16,661 total - Disposition to Issuer
Stock Options
2016-11-30−1,540→ 0 totalExercise: $60.40Exp: 2025-02-03→ Common Stock (1,540 underlying) - Disposition to Issuer
Stock Options
2016-11-30−3,610→ 0 totalExercise: $57.80Exp: 2026-02-01→ Common Stock (3,610 underlying)
Footnotes (3)
- [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 Issuer's 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]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.