Danny Prosky - Oct 1, 2021 Form 4 Insider Report for Griffin-American Healthcare REIT III, Inc. (NONE)

Signature
/s/ DANNY PROSKY
Stock symbol
NONE
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/4/2021, 04:21 PM
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Disposed to Issuer -222K -100% 0 Oct 1, 2021 By Danny and Zohar Prosky Family Trust, DTD 8/16/2011 F1, F2
transaction NONE Common Stock Disposed to Issuer -22.2K -100% 0 Oct 1, 2021 By Griffin-American Healthcare REIT III Advisor, LLC F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Reflects the disposition of shares of the Issuer's common stock in connection with the merger (the "Merger") of the Issuer with and into Continental Merger Sub, LLC, a wholly-owned subsidiary of American Healthcare REIT, Inc. ("AHR"). In the Merger, each share of the Issuer's common stock, par value $0.01 per share, was converted into the right to receive 0.9266 shares of AHR Class I common stock, par value $0.01 per share ("AHR Class I Common Stock"). There is no established market for shares of AHR Class I Common Stock. On March 18, 2021, the board of directors of AHR approved an estimated value per share of AHR Class I Common Stock of $9.22.
F2 The reported shares of common stock are held directly by Danny & Zohar Prosky Family Trust, DTD 8/16/2011, and indirectly by Danny Prosky and Zohar Prosky, Trustees.
F3 The reported shares of common stock are owned by Griffin-American Healthcare REIT III Advisor, LLC ("GAHRIII Advisor"), which is 75% owned and managed by wholly owned subsidiaries of American Healthcare Investors, LLC ("American Healthcare Investors"). Mr. Prosky serves as a managing director of American Healthcare Investors, and as such, may be deemed to be the beneficial owner of such common stock. Mr. Prosky disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.