Landmark Apartment Trust, Inc. 4
4 · Landmark Apartment Trust, Inc. · Filed Jan 29, 2015
Insider Transaction Report
Form 4
Lubeck Joseph
DirectorExec. Chairman of the Board
Transactions
- Exercise of In-Money
Put Option (obligation to buy)
2015-01-15−171,361→ 0 totalExercise: $9.00From: 2014-08-28Exp: 2015-02-28→ Common Stock (171,361 underlying) - Exercise of In-Money
Common Stock
2015-01-15$9.00/sh+807,890$7,271,010→ 1,011,557 total - Exercise of In-Money
Put Option (obligation to buy)
2015-01-15−636,259→ 171,361 totalExercise: $9.00From: 2014-08-28Exp: 2015-02-28→ Common Stock (636,259 underlying)
Footnotes (2)
- [F1]The reporting person is a party to a series of seven Put Option Agreements, each dated as of February 28, 2013 (the "Put Option Agreements"), with the other parties named therein under which the reporting person granted a series of put options obligating the reporting person to purchase for $9.00 per share an aggregate total of 1,011,557 shares of common stock of the issuer, at the request of the counterparty to each Put Option Agreement, during the six month period commencing on August 28, 2014 and expiring on February 28, 2015.
- [F2]A holder of put options granted by the reporting person under two of the Put Option Agreements elected to exercise such options and sell to the reporting person at $9.00 per share 807,890 shares of common stock of the issuer on January 15, 2015. The consummation of the acquisition of these shares of common stock of the issuer by the reporting person in connection with the exercise of such put options has not occurred as of the date of this report.