4//SEC Filing
POST PROPERTIES INC 4
Accession 0001209191-16-152544
CIK 0000903127operating
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 6:24 PM ET
Size
35.7 KB
Accession
0001209191-16-152544
Insider Transaction Report
Form 4
STOCKERT DAVID P
DirectorPresident and CEO
Transactions
- Gift
Common Stock
2016-11-23−1,000→ 69,932 total(indirect: By Spouse) - Gift
Common Stock
2016-11-29−3,000→ 63,440 total(indirect: By Spouse) - Gift
Common Stock
2016-11-29−20,000→ 140,423 total - Disposition to Issuer
Stock Option
2016-11-30−8,730→ 0 totalExercise: $60.40Exp: 2025-02-03→ Common Stock (8,730 underlying) - Gift
Common Stock
2016-11-29−3,000→ 60,440 total(indirect: By Spouse) - Gift
Common Stock
2016-11-29+20,000→ 80,440 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2016-11-30−127,759→ 0 total - Disposition to Issuer
Stock Option
2016-11-30−11,180→ 0 totalExercise: $46.93Exp: 2024-01-31→ Common Stock (11,180 underlying) - Gift
Common Stock
2016-11-23−3,492→ 66,440 total(indirect: By Spouse) - Disposition to Issuer
Units in 401(k) Plan
2016-11-30−2,228.086→ 0 total→ Common Stock (2,228.086 underlying) - Disposition to Issuer
Stock Option
2016-11-30−9,230→ 0 totalExercise: $44.05Exp: 2022-01-25→ Common Stock (9,230 underlying) - Tax Payment
Common Stock
2016-11-30$65.02/sh−2,315$150,521→ 138,108 total - Tax Payment
Common Stock
2016-11-30$65.02/sh−4,128$268,403→ 133,980 total - Tax Payment
Common Stock
2016-11-30$65.02/sh−6,221$404,489→ 127,759 total - Disposition to Issuer
Common Stock
2016-11-30−80,440→ 0 total(indirect: By Spouse) - Disposition to Issuer
Stock Option
2016-11-30−8,110→ 0 totalExercise: $50.30Exp: 2023-01-28→ Common Stock (8,110 underlying) - Disposition to Issuer
Stock Option
2016-11-30−21,200→ 0 totalExercise: $57.80Exp: 2026-02-01→ Common Stock (21,200 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 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]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 2228.086281 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, 6:24 PM ET
- Size
- 35.7 KB