TREMEL TIMOTHY M 4
4 · CROWN AMERICAN REALTY TRUST · Filed Nov 25, 2003
Insider Transaction Report
Form 4
TREMEL TIMOTHY M
V.P. Facilities Planning
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2003-11-20−9,000→ 0 totalExercise: $5.44Exp: 2011-04-26→ Common Stock (9,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2003-11-20−21,600→ 0 totalExercise: $5.63Exp: 2011-02-22→ Common Stock (21,600 underlying) - Disposition to Issuer
Common Shares
2003-11-20−1,891.627→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2003-11-20−1,600→ 0 totalExercise: $5.94Exp: 2011-09-15→ Common Stock (1,600 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to merger agreement between issuer and Pennsylvania Real Estate Investment Trust (PREIT) in exchange for 678 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 equal annual installments beginning February 22, 2004, was assumed by PREIT in the merger and replaced with an option to purchase 7,752 shares of PREIT common stock for $15.67 per share.
- [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 3,230 shares of PREIT common stock for $15.15 per share.
- [F4]This option, which provided for vesting in four equal annual installments beginning September 15, 2003, was assumed by PREIT in the merger and replaced with an option to purchase 574 shares of PREIT common stock for $16.54 per share.