Craig Leupold - Aug 9, 2022 Form 4 Insider Report for AMERICAN CAMPUS COMMUNITIES INC (ACC)

Role
Director
Signature
Kim K. Voss, Attorney-in-fact
Stock symbol
ACC
Transactions as of
Aug 9, 2022
Transactions value $
$0
Form type
4
Date filed
8/9/2022, 04:47 PM
Previous filing
May 26, 2022
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACC Common stock Disposed to Issuer -5.74K -100% 0 Aug 9, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 9, 2022, pursuant to the Agreement and Plan of Merger, dated as of April 18, 2022 (as amended from time to time, the "Merger Agreement"), by and among Abacus Parent LLC, Abacus Merger Sub I LLC ("Merger Sub I"), Abacus Merger Sub II LLC ("Merger Sub II"), American Campus Communities, Inc. ("ACC") and American Campus Communities Operating Partnership LP (the "Partnership"), ACC merged with and into Merger Sub I (the "Company Merger"), each share of ACC common stock issued and outstanding immediately prior to the effective time of the Company Merger (other than shares held in ACC's deferred compensation plan) was automatically cancelled and converted into the right to receive an amount in cash equal to $65.47 per share, without interest.
F2 All shares held in ACC's deferred compensation plan as of immediately before the effective time of the Company Merger became vested and no longer subject to restrictions and adjusted and converted into a right of the holder to have allocated to the holder's account under the deferred compensation plan an amount denominated in cash equal to the product of (i) the number of shares of ACC's common stock allocated to such account as of the effective time of the Company Merger and (ii) $65.47, and ceased to represent a right to receive shares of ACC's common stock.