4//SEC Filing
Bentsen Tim E 4
Accession 0001341141-22-000050
CIK 0001341141other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 8:53 AM ET
Size
8.7 KB
Accession
0001341141-22-000050
Insider Transaction Report
Form 4
Bentsen Tim E
Director
Transactions
- Disposition to Issuer
Common Stock
2022-09-14−8,721→ 0 total - Disposition to Issuer
Common Units
2022-09-14−14,272→ 0 total→ Common Sotck (14,272 underlying)
Footnotes (2)
- [F1]On 9/14/2022, pursuant to the Agreement and Plan of Merger, dated as of 5/29/2022 (the Merger Agreement), by and among PotlatchDeltic Corporation (PCH), Horizon Merger Sub 2022, LLC (Merger Sub), CatchMark Timber Trust, Inc. (CatchMark) and CatchMark Timber Operating Partnership, L.P. (the Partnership), CatchMark merged with and into Merger Sub (the Company Merger), and each share of CatchMark common stock issued and outstanding immediately prior to the Company Merger effective time was automatically cancelled and converted into the right to receive 0.23 shares of PCH common stock, par value $1.00 per share, without interest, but subject to applicable withholding taxes, plus the right, if any, to receive cash in lieu of fractional shares (the Merger Consideration). On September 13, 2022 (the day prior to the effective time of the Company Merger) the closing price of one share of PCH common stock was $45.80.
- [F2]On 9/14/2022, pursuant to the Merger Agreement, immediately following the Company Merger, the Partnership merged with Merger Sub (the Partnership Merger) and each Common Unit of the Partnership outstanding immediately prior to the Partnership Merger effective time was automatically cancelled and converted into the right to receive the Merger Consideration. Immediately prior to the Partnership Merger effective time, each issued and outstanding vested Partnership LTIP Unit eligible for conversion into a Common Unit prior to or at the Partnership Merger effective time automatically converted into one Common Unit pursuant to the Partnership Agreement and converted into the right to receive the Merger Consideration at the Partnership Merger effective time.
Documents
Issuer
CatchMark Timber Trust, Inc.
CIK 0001341141
Entity typeother
Related Parties
1- filerCIK 0001605853
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 8:53 AM ET
- Size
- 8.7 KB