BRUCE M. GANS - 18 Mar 2023 Form 4 Insider Report for AlerisLife Inc. (ALR)

Role
Director
Signature
/s/ Bruce M. Gans
Issuer symbol
ALR
Transactions as of
18 Mar 2023
Net transactions value
$0
Form type
4
Filing time
20 Mar 2023, 09:19:32 UTC
Previous filing
08 Jun 2022
Next filing
02 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALR Common Stock Disposition pursuant to a tender of shares in a change of control transaction -43,194 -100% 0 18 Mar 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of February 2, 2023, by and among the Issuer, ABP Acquisition LLC ("Parent"), and ABP Acquisition 2 LLC, a direct wholly owned subsidiary of Parent ("Purchaser"), pursuant to which Purchaser completed a tender offer for shares of common stock of the Issuer (each, a "Share") and thereafter merged with and into the Issuer effective as of March 20, 2023 (the "Effective Time"). At the Effective Time, each issued and outstanding Share was cancelled and converted into the right to receive $1.31 in cash without interest and subject to applicable withholding taxes.