4//SEC Filing
HERSTIK NEAL 4
Accession 0001567619-22-005676
CIK 0000067625other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 5:09 PM ET
Size
11.1 KB
Accession
0001567619-22-005676
Insider Transaction Report
Form 4
HERSTIK NEAL
Director
Transactions
- Disposition to Issuer
Common Stock
2022-02-25−23,372.708→ 0 total - Disposition to Issuer
Common Stock
2022-02-25−1,600→ 0 total(indirect: By Spouse) - Disposition to Issuer
6.125% Series C Cumulative Redeemable Preferred Stock
2022-02-25−2,400→ 0 total - Disposition to Issuer
6.125% Series C Cumulative Redeemable Preferred Stock
2022-02-25−400→ 0 total(indirect: Gross, Truss & Herstik Profit Sharing Plan)
Footnotes (4)
- [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 share of 6.125% Series C Cumulative Redeemable Preferred 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 an amount in cash equal to $25.00 plus accumulated and unpaid dividends to, but not including, February 25, 2022.
- [F4]At the Effective Time, each Monmouth restricted stock award outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and was converted into the right to receive the Common Stock Consideration.
Documents
Issuer
MONMOUTH REAL ESTATE INVESTMENT CORP
CIK 0000067625
Entity typeother
Related Parties
1- filerCIK 0001232892
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 5:09 PM ET
- Size
- 11.1 KB