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

Role
Director
Signature
/s/ J. GRAYSON SANDERS
Stock symbol
NONE
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/1/2021, 08:56 PM
Previous filing
Jun 16, 2021
Next filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Disposed to Issuer -18.3K -100% 0 Oct 1, 2021 Direct F1
transaction NONE Common Stock Disposed to Issuer -27K -100% 0 Oct 1, 2021 By Sanders Living Trust DTD 1/25/2017 F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

J. Grayson Sanders 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 Sanders Living Trust, DTD 1/25/2017, and indirectly by J. Grayson Sanders and Marylee Sanders, Trustees.