4//SEC Filing
Apple REIT Ten, Inc. 4
Accession 0001225208-16-038821
CIK 0001498864operating
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 4:14 PM ET
Size
12.3 KB
Accession
0001225208-16-038821
Insider Transaction Report
Form 4
KNIGHT JUSTIN G
President
Transactions
- Disposition to Issuer
Units
2016-09-01−804.463→ 0 total - Disposition to Issuer
Series B Convertible Preferred Shares
2016-09-01−2,631.25→ 0 total(indirect: By Trust) - Other
Series B Convertible Preferred Shares
2016-09-01+30,090→ 30,090 total - Disposition to Issuer
Series B Convertible Preferred Shares
2016-09-01−30,090→ 0 total - Other
Series B Convertible Preferred Shares
2016-09-01+2,631.25→ 2,631.25 total(indirect: By Trust)
Footnotes (6)
- [F1]Glade M. Knight, the record holder of all the outstanding Series B Convertible Preferred Shares of the issuer, previously agreed to assign certain benefits (if any) to the reporting person associated with 30,090 Series B Convertible Preferred Shares, including the right of conversion upon the occurrence of certain events, including a merger of the issuer. On September 1, 2016, the issuer merged (the "Merger") with and into a wholly-owned subsidiary of Apple Hospitality REIT, Inc. ("Apple Hospitality").
- [F2]Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 190,277 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $364,517 in cash.
- [F3]Consisting of One Common Share and One Series A Preferred Share
- [F4]Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 419 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $804 in cash.
- [F5]Glade M. Knight, the record holder of all the outstanding Series B Convertible Preferred Shares of the issuer, previously agreed to assign certain benefits (if any) to a trust for the children of the reporting person associated with 2,631.25 Series B Convertible Preferred Shares, including the right of conversion upon the occurrence of certain events, including a merger of the issuer.
- [F6]Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 16,639 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $31,876 in cash.
Documents
Issuer
Apple REIT Ten, Inc.
CIK 0001498864
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0001498864
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 4:14 PM ET
- Size
- 12.3 KB