Peter L. Lynch - Oct 22, 2021 Form 4 Insider Report for RETAIL PROPERTIES OF AMERICA, INC. (RPAI)

Role
Director
Signature
/s/ Ann M. Hult, Attorney-in-Fact
Stock symbol
RPAI
Transactions as of
Oct 22, 2021
Transactions value $
$0
Form type
4
Date filed
10/22/2021, 05:31 PM
Previous filing
Jun 7, 2021
Next filing
May 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RPAI Class A Common Stock Disposed to Issuer -76.8K -100% 0 Oct 22, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Peter L. Lynch is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 18, 2021, by and among Retail Properties of America, Inc. (the "Company"), Kite Realty Group Trust ("Kite"), and KRG Oak, LLC, a wholly owned subsidiary of Kite ("Merger Sub"), pursuant to which the Company merged with and into Merger Sub (the "Merger") on October 22, 2021. Pursuant to the Merger Agreement, each issued and outstanding share of Class A common stock, $0.001 par value per share, of the Company ("Company Common Stock"), held by the reporting person was automatically converted into the right to receive 0.623 common shares of beneficial interest, $0.01 par value per share, of Kite ("Kite Common Shares"), subject to any adjustment, without interest, plus the right, if any, to receive cash in lieu of any fractional Kite Common Shares into which such shares of Company Common Stock would have been converted.
F2 (Continued from Footnote 1) On October 21, 2021, the closing price of Company Common Stock was $13.18 per share and the closing price of Kite Common Shares was $21.10 per share.
F3 Pursuant to the Merger Agreement, as of immediately prior to the effective time of the Merger, each outstanding share of restricted stock held by the reporting person automatically became fully vested and all restrictions with respect thereto lapsed.