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

Role
Director
Signature
/s/ Jeffrey R Sprain, Attorney-in-Fact
Stock symbol
APTS
Transactions as of
Jun 23, 2022
Transactions value $
$0
Form type
4
Date filed
6/23/2022, 03:30 PM
Previous filing
Nov 16, 2021

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 -2K -6.48% $0.00 28.9K May 16, 2022 Direct
transaction APTS Common Stock, par value $0.01 per share Disposed to Issuer -28.9K -100% 0 Jun 23, 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.