4//SEC Filing
Apple REIT Eight, Inc. 4
Accession 0001225208-14-007424
CIK 0001387361operating
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 8:00 PM ET
Size
8.9 KB
Accession
0001225208-14-007424
Insider Transaction Report
Form 4
KNIGHT GLADE M
DirectorChairman and CEO
Transactions
- Other
Series B Preferred
2014-03-01−65,601→ 174,399 total - Disposition to Issuer
Series B Preferred
2014-03-01−174,399→ 0 total - Disposition to Issuer
Units
2014-03-01−10,536→ 0 total
Footnotes (4)
- [F1]The reporting person previously agreed to assign certain benefits (if any) to certain officers, family members and other employees of the issuer associated with 65,601 Series B Preferred Shares, including the right of conversion upon the occurrence of certain events, including a merger of the issuer. On March 1, 2014, the issuer merged (the 'Merger') with and into a wholly-owned subsidiary of Apple REIT Nine, Inc., now called Apple Hospitality REIT, Inc. ('Apple Nine').
- [F2]Disposed of pursuant to merger agreement between issuer and Apple Nine in exchange for 3,583,094.024 Apple Nine Common Shares. There is no active trading market for Apple Nine Common Shares as of the date of this report. In the joint proxy statement/prospectus sent to the issuer's shareholders for approval of the Merger, the preliminary estimate of the fair value of Apple Nine Common Shares as of 9/30/2013 for purposes of the Unaudited Pro Forma Condensed Consolidated Financial Statements was $10.00 per Apple Nine Common Share.
- [F3]Consisting of One Common Share and One Series A Preferred Share
- [F4]Disposed of pursuant to merger agreement between issuer and Apple Nine in exchange for 8,956 Apple Nine Common Shares. There is no active trading market for Apple Nine Common Shares as of the date of this report. In the joint proxy statement/prospectus sent to the shareholders of the issuer for approval of the Merger, the preliminary estimate of the fair value of Apple Nine Common Shares as of 9/30/2013 for purposes of the Unaudited Pro Forma Condensed Consolidated Financial Statements was $10.00 per Apple Nine Common Share.
Documents
Issuer
Apple REIT Eight, Inc.
CIK 0001387361
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0001387361
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 8:00 PM ET
- Size
- 8.9 KB