Dawson John Earl 4
4 · Parking REIT, Inc. · Filed Dec 27, 2017
Insider Transaction Report
Form 4
Dawson John Earl
Director
Transactions
- Award
Common Stock
2017-12-15+2,551→ 2,551 total(indirect: By Partnership)
Holdings
- 54(indirect: By Partnership)
Series 1 Convertible Redeemable Preferred Stock
- 1,750(indirect: By Partnership)
Common Stock Warrants
→ Common Stock (1,750 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as May 26, 2017 (the "Merger Agreement"), by and among MVP REIT, Inc., MVP REIT II, Inc. (now known as The Parking REIT, Inc.) and a wholly owned subsidiary of The Parking REIT, Inc., upon the consummation of the merger contemplated by the Merger Agreement (the "Merger") on December 15, 2017, each share of MVP REIT, Inc. common stock held by the reporting person prior to the effective time of the Merger was converted into the right to receive 0.365 of a share of common stock of The Parking REIT, Inc., with cash paid in lieu of any fractional shares as provided in the Merger Agreement.
- [F2]These shares are held by 12557 Limited Partnership, which is wholly owned by Mr. Dawson.
- [F3]The Warrants may be exercised after the 90th day following the occurrence of a Listing Event, at an exercise price, per share, equal to 110% of the volume weighted average closing price during the 20 trading days ending on the 90th day after the occurrence of such Listing Event; however, in no event shall the exercise price of the Warrants be less than $25 per share.
- [F4]The Warrants will expire five years from the 90th day after the occurrence of a Listing Event. In addition, if a Listing Event does not occur on or prior to the fifth anniversary of the final Closing date of this Offering, then all outstanding Warrants will expire automatically on such anniversary date without being exercisable by the holders thereof.