Tim Middleton - Dec 16, 2021 Form 4 Insider Report for Steadfast Apartment REIT, Inc. (NONE)

Role
Chief Investment Officer
Signature
/s/ Gustav Bahn, as Attorney-In-Fact for Tim Middleton
Stock symbol
NONE
Transactions as of
Dec 16, 2021
Transactions value $
$0
Form type
4
Date filed
12/16/2021, 08:24 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Disposed to Issuer -45K -100% 0 Dec 16, 2021 Direct F1, F2
transaction NONE Common Stock Disposed to Issuer -1.27K -100% 0 Dec 16, 2021 By Middleton Family Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Tim Middleton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Reflects the disposition of shares of the issuer's common stock in connection with the merger (the "Merger") of the issuer with and into IRSTAR Sub, LLC, a wholly-owned subsidiary of Independence Realty Trust, Inc. ("IRT"). In the Merger, each share of the issuer's common stock, par value $0.01 per share, was converted into the right to receive 0.905 shares of common stock of IRT, par value $0.01 per share.
F2 In connection with the Merger, 44,016.41 shares of restricted common stock (the "Restricted Stock") were converted into a number of shares of IRT common stock (rounded up or down to the nearest whole share) equal to the product of (x) 44,016.41 and (y) 0.905, and such IRT common stock is subject to the same terms and conditions (including, without limitation, the same vesting conditions and vesting accelerators) as were applicable to such Restricted Stock immediately prior to the Merger.