Hugh R. Frater - Nov 1, 2021 Form 4 Insider Report for VEREIT, Inc. (VER)

Role
Director, Non-Executive Chairman
Signature
/s/ Justin A. Shuler, by power of attorney
Stock symbol
VER
Transactions as of
Nov 1, 2021
Transactions value $
$0
Form type
4
Date filed
11/1/2021, 06:15 PM
Previous filing
Feb 16, 2022
Next filing
Jun 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VER Common Stock Disposed to Issuer $0 -3.65K -26.23% $0.00 10.3K Nov 1, 2021 Direct F1
transaction VER Common Stock Disposed to Issuer $0 -10.3K -100% $0.00* 0 Nov 1, 2021 Direct F2
transaction VER Common Stock Disposed to Issuer $0 -21.9K -100% $0.00* 0 Nov 1, 2021 By Irrevocable Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Hugh R. Frater is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of VEREIT, Inc. ("VEREIT") common stock disposed in connection with the Agreement and Plan of Merger by and among Realty Income Corporation ("Realty Income"), Rams MD Subsidiary I, Inc., Rams Acquisition Sub II, LLC, VEREIT and VEREIT Operating Partnership, L.P., dated as of April 29, 2021 (as amended or supplemented from time to time, the "Merger Agreement"). In accordance with the Merger Agreement, upon the Effective Time (as defined in the Merger Agreement), each share of VEREIT common stock was converted into the right to receive 0.705 shares of common stock of Realty Income (the "Exchange Ratio").
F2 As of the Effective Time, deferred stock units awarded to the Reporting Person were converted into a number of newly issued shares of Realty Income common stock equal to the product obtained by multiplying the number of shares of VEREIT common stock subject to such deferred stock unit award as of immediately prior to the Effective Time by the Exchange Ratio.
F3 Represents shares of VEREIT common stock disposed in connection with Merger Agreement. In accordance with the Merger Agreement, upon the Effective Time (as defined in the Merger Agreement), each share of VEREIT common stock was converted into the right to receive 0.705 shares of common stock of Realty Income.