STEPHENSON TOM 4
4 · CROWN AMERICAN REALTY TRUST · Filed Nov 25, 2003
Insider Transaction Report
Form 4
STEPHENSON TOM
E.V.P. Asset Mgmt.
Transactions
- Disposition to Issuer
Common Shares
2003-11-20−37,684.61→ 0 total - 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)
Footnotes (2)
- [F1]Disposed of pursuant to merger agreement between issuer and Pennsylvania Real Estate Investment Trust (PREIT) in exchange for 13,525 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 three 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.