Dempsey Joan Avalyn 4
4 · QTS Realty Trust, Inc. · Filed Sep 2, 2021
Insider Transaction Report
Form 4
Dempsey Joan Avalyn
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2021-08-31−2,053→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2021-08-31$18.94/sh−10,674$202,166→ 0 totalExercise: $59.06Exp: 2031-03-05→ Class A Common Stock (10,674 underlying)
Footnotes (2)
- [F1]Includes restricted Class A common stock granted under the QTS Realty Trust, Inc. 2013 Equity Incentive Plan (the "Plan") that vested one year after the date of grant. All Class A common stock was disposed of, pursuant to the merger of the Issuer with and into Volt Lower Holdings LLC (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of June 7, 2021, among the Issuer, QualityTech, LP (the "Operating Partnership"), Volt Upper Holdings LLC, Volt Lower Holdings LLC, and Volt Acquisition LP (the "Merger Agreement") in exchange for $78.00 in cash per share, without interest, less any applicable withholding.
- [F2]These options to purchase shares of Class A common stock were granted under the Plan and vest one year after the date of grant. Each option was canceled in the Merger in exchange for a cash payment of $18.94, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.