Cannon John M 4
4 · PREFERRED APARTMENT COMMUNITIES INC · Filed Jun 23, 2022
Insider Transaction Report
Form 4
Cannon John M
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01 per share
2022-06-23−28,875→ 0 total - Gift
Common Stock, par value $0.01 per share
2022-05-16−2,000→ 28,875 total
Footnotes (1)
- [F1]On June 9, 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.