John M. Cannon - 23 Jun 2022 Form 4 Insider Report for PREFERRED APARTMENT COMMUNITIES INC

Role: Director
Signature: /s/ Jeffrey R Sprain, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 23 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 23 Jun 2022, 15:30:11 UTC
Previous filing: 16 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APTS	Common Stock, par value $0.01 per share	Gift	$0	-2,000	-6.5%	$0.000000	28,875	16 May 2022	Direct
transaction	APTS	Common Stock, par value $0.01 per share	Disposed to Issuer		-28,875	-100%		0	23 Jun 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John M. Cannon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On June 9, 2022, pursuant to the Agreement and Plan of Merger, dated as of February 16, 2022 (as amended from time to time, the "Merger Agreement"), by and among Pike Parent LLC, Pike Merger Sub I LLC ("Merger Sub I"), Pike Merger Sub II LLC, Pike Merger Sub III LLC, Preferred Apartment Communities, Inc. ("PAC"), Preferred Apartment Communities Operating Partnership, L.P., and PAC Operations, LLC, PAC merged with and into Merger Sub I (the "Company Merger") and each share of PAC common stock issued and outstanding immediately prior to the effective time of the Company Merger was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest.

Content

On June 9, 2022, pursuant to the Agreement and Plan of Merger, dated as of February 16, 2022 (as amended from time to time, the "Merger Agreement"), by and among Pike Parent LLC, Pike Merger Sub I LLC ("Merger Sub I"), Pike Merger Sub II LLC, Pike Merger Sub III LLC, Preferred Apartment Communities, Inc. ("PAC"), Preferred Apartment Communities Operating Partnership, L.P., and PAC Operations, LLC, PAC merged with and into Merger Sub I (the "Company Merger") and each share of PAC common stock issued and outstanding immediately prior to the effective time of the Company Merger was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest.