4//SEC Filing
MURPHY JOEL T 4
Accession 0001415889-22-006870
CIK 0001481832other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 3:17 PM ET
Size
7.7 KB
Accession
0001415889-22-006870
Insider Transaction Report
Form 4
MURPHY JOEL T
CEO-New Market Properties, LLC
Transactions
- Gift
Common Stock, par value $0.01
2022-05-13−40,000→ 561,295 total - Disposition to Issuer
Common Stock, par value $0.01
2022-06-23−561,295→ 0 total
Footnotes (2)
- [F1]On June 23, 2022, pursuant to the Agreement and Plan of Merger, dated as of February 16, 2022 (as amended from time to time, the "Merger Agreement"), by and among Pike Parent LLC, Pike Merger Sub I LLC ("Merger Sub I"), Pike Merger Sub II LLC, Pike Merger Sub III LLC, Preferred Apartment Communities, Inc. ("PAC"), Preferred Apartment Communities Operating Partnership, L.P., and PAC Operations, LLC, PAC merged with and into Merger Sub I (the "Company Merger") and each share of PAC common stock issued and outstanding immediately prior to the effective time of the Company Merger was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest.
- [F2]Includes 371,303 shares of unvested time-based restricted common stock. Pursuant to the Merger Agreement, each share of unvested time-based restricted common stock granted pursuant to PAC's 2019 Stock Incentive Plan outstanding immediately prior to the effective time of the Company Merger automatically became fully vested and all restrictions and reacquisition rights thereon lapsed. All shares of PAC common stock represented thereby were considered outstanding for all purposes under the Merger Agreement and therefore automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest.
Documents
Issuer
PREFERRED APARTMENT COMMUNITIES INC
CIK 0001481832
Entity typeother
Related Parties
1- filerCIK 0001232172
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 3:17 PM ET
- Size
- 7.7 KB