Douglas Rubenstein - 14 Sep 2022 Form 4 Insider Report for CatchMark Timber Trust, Inc.

Role
Director
Signature
/s/ Ying Xiao, under a Power of Attorney
Issuer symbol
N/A
Transactions as of
14 Sep 2022
Net transactions value
$0
Form type
4
Filing time
14 Sep 2022, 21:54:12 UTC
Previous filing
11 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTT Common Stock Award $0 +6,654 +13% $0.000000 56,691 14 Sep 2022 Direct
transaction CTT Common Stock Disposed to Issuer $0 -56,691 -100% $0.000000* 0 14 Sep 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 On 9/14/2022, pursuant to the Agreement and Plan of Merger, dated as of 5/29/2022 (the Merger Agreement), by and among PotlatchDeltic Corporation (PCH), Horizon Merger Sub 2022, LLC (Merger Sub), CatchMark Timber Trust, Inc. (CatchMark) and CatchMark Timber Operating Partnership, L.P. (the Partnership), CatchMark merged with and into Merger Sub (the Company Merger), and each share of CatchMark common stock issued and outstanding immediately prior to the Company Merger effective time was automatically cancelled and converted into the right to receive 0.23 shares of PCH common stock, par value $1.00 per share, without interest, but subject to applicable withholding taxes, plus the right, if any, to receive cash in lieu of fractional shares (the Merger Consideration). On September 13, 2022 (the day prior to the effective time of the Company Merger) the closing price of one share of PCH common stock was $45.80.