Apple REIT Seven, Inc. 4
4 · Apple REIT Seven, Inc. · Filed Mar 4, 2014
Insider Transaction Report
Form 4
Barden James C. Jr.
Director
Transactions
- Disposition to Issuer
Non-Employee Directors Stock Option Plan
2014-03-01−5,500→ 0 totalExercise: $11.00From: 2013-12-05Exp: 2023-06-05→ Units (5,500 underlying)
Footnotes (2)
- [F1]Consisting of One Common Share and One Series A Preferred Share
- [F2]Pursuant to the Merger Agreement dated August 7, 2013, as amended, between the issuer, Apple REIT Eight, Inc., Apple REIT Nine, Inc. (now called Apple Hospitality REIT, Inc.) (Apple Nine) and two wholly owned subsidiaries of Apple Nine, (the Merger Agreement), this option was assumed by Apple Nine in the merger of the issuer and a subsidiary of Apple Nine and replaced with an option to purchase 5,500 common shares of Apple Nine for $11.00 per share.