CROWN AMERICAN REALTY TRUST 4
4 · CROWN AMERICAN REALTY TRUST · Filed Nov 25, 2003
Insider Transaction Report
Form 4
STEVENS TERRY L
EVP, CFOOther
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2003-11-20−6,000→ 0 totalExercise: $6.00Exp: 2011-10-02→ Common Stock (6,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2003-11-20−21,000→ 0 totalExercise: $5.44Exp: 2011-04-26→ Common Stock (21,000 underlying) - Disposition to Issuer
Common Shares
2003-11-20−40,375.742→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2003-11-20−24,000→ 0 totalExercise: $7.38Exp: 2010-05-03→ Common Stock (24,000 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to merger agreement between issuer and Pennsylvania Real Estate Investment Trust (PREIT) in exchange for 14,490 shares of PREIT common stock having a market value of $34.18 per share on the effective date of the merger.
- [F2]This option, which provided for vesting in two equal annual installments beginning May 3, 2004, was assumed by PREIT in the merger and replaced with an option to purchase 8,613 shares of PREIT common stock for $20.55.
- [F3]This option, which provided for vesting in three equal annual installments beginning April 26, 2004, was assumed by PREIT in the merger and replaced with an option to purchase 7,536 shares of PREIT common stock for $15.15 per share.
- [F4]This option, which provided for vesting in three equal annual installments beginning October 2, 2004, was assumed by PREIT in the merger and replaced with an option to purchase 2,153 shares of PREIT common stock for $16.72 per share.