Prashad Michael D 4
4 · MONMOUTH REAL ESTATE INVESTMENT CORP · Filed Feb 25, 2022
Insider Transaction Report
Form 4
Prashad Michael D
General Counsel
Transactions
- Disposition to Issuer
Common Stock
2022-02-25−2,696.011→ 0 total - Disposition to Issuer
Option to Purchase Common Stock
2022-02-25−30,000→ 0 total→ Monmouth Real Estate Investment Corporation (30,000 underlying) - Disposition to Issuer
Option to Purchase Common Stock
2022-02-25−15,000→ 0 total→ Monmouth Real Estate Investment Corporation (15,000 underlying)
Footnotes (3)
- [F1]On February 25, 2022, pursuant to the Agreement and Plan of Merger, dated as of November 5, 2021 and as amended on February 7, 2022 (the "Merger Agreement"), by and among Monmouth Real Estate Investment Corporation ("Monmouth"), Industrial Logistics Properties Trust ("ILPT"), and Maple Delaware Merger Sub LLC ("Merger Sub"), Monmouth merged with and into Merger Sub (the "Merger"), with Merger Sub surviving as a wholly owned subsidiary of ILPT.
- [F2]At the effective time of the Merger (the "Effective Time"), each share of common stock, par value $0.01 per share, of Monmouth that was issued and outstanding immediately prior to the Effective Time (other than shares owned by Monmouth, ILPT or Merger Sub) was automatically converted into the right to receive $21.00 per share in cash (the "Common Stock Consideration"), without interest and subject to applicable withholding tax.
- [F3]At the Effective Time, each Monmouth stock option outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and was converted into the right to receive the spread between the Common Stock Consideration and the exercise price.