Michael R. Koehler - Dec 28, 2021 Form 4 Insider Report for CoreSite Realty Corp (COR)

Role
Director
Signature
/s/ Derek S. McCandless, Attorney-in-Fact
Stock symbol
COR
Transactions as of
Dec 28, 2021
Transactions value $
$0
Form type
4
Date filed
12/29/2021, 07:05 PM
Previous filing
Dec 15, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COR Restricted Stock Units Disposed to Issuer -26K -100% 0 Dec 28, 2021 Common Stock 26K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michael R. Koehler is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 At the Company Merger Effective Time (as defined below), each award of restricted stock units ("Company Restricted Stock Unit Award") that was outstanding as of immediately prior to the Company Merger Effective Time vested in accordance with the terms of the applicable award agreement and all restrictions thereupon lapsed, and each such Company Restricted Stock Unit Award was converted into the right to receive a cash payment equal to the product of (i) the number of shares of shares of common stock, par value $0.01 per share, underlying such Restricted Stock Unit Award as of immediately prior to the Company Merger Effective Time and (ii) $170.00 in cash.

Remarks:

This Form 4 reports securities disposed of under the terms of the Agreement and Plan of Merger (as amended or supplemented from time to time, the "Merger Agreement"), dated as of November 14, 2021, by and among the CoreSite Realty Corporation (the "Company"), CoreSite, L.P. ("Partnership"), Appleseed Merger Sub LLC ("Purchaser"), American Tower Investments LLC ("Parent"), Appleseed Holdco LLC ("Holdco"), Appleseed OP Merger Sub LLC ("OP Merger Sub") and, solely for the purposes of certain provisions specified therein, American Tower Corporation. Pursuant to the Merger Agreement, on December 28, 2021, (i) Purchaser merged with and into the Company, with the Company surviving as a wholly owned subsidiary of Holdco (the "Company Merger", and the effective time of such merger, the "Company Merger Effective Time"); (ii) substantially simultaneously with the Merger but preceding the Holdco Merger, OP Merger Sub merged with and into the Partnership, with the Partnership continuing as the surviving limited partnership (the "Partnership Merger"); and (iii) immediately following the Company Merger but after the Partnership Merger, the Company merged with and into Holdco, with Holdco continuing as the surviving limited liability company. A copy of the Merger Agreement is included as Exhibit 2.1 to the Company's Form 8-K filed with the SEC on November 14, 2021.