Key facts
- This page summarizes Paul E. Szurek's Form 4 filing for CoreSite Realty Corp.
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 29 Dec 2021, 19:09.
Paul E. Szurek - 28 Dec 2021 Form 4 Insider Report for CoreSite Realty Corp
- Reporting relationship
- President & CEO, Director
- Issuer ticker
- N/A
- Reported as of
- 28 Dec 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 29 Dec 2021, 19:09:05 UTC
- Prior SEC filing
- 15 Dec 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Derek S. McCandless, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Paul E. Szurek filed Form 4 for CoreSite Realty Corp on 29 Dec 2021.
Change
- Previous filing in this sequence was filed on 15 Dec 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
COR
transaction
Common Stock
Award
- Transaction value
- Shares
- +1,845
- Change %
- +0.81%
- Price
- Shares after
- 230,375
- Date
- 28 Dec 2021
- Ownership
- Direct
- Footnotes
- F1
COR
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -230,375
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 28 Dec 2021
- Ownership
- Direct
- Footnotes
- F2, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
COR
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -18,440
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 28 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 18,440
- Exercise price
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Paul E. Szurek is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
In connection with the consummation of the Company Merger (as defined below), the Compensation Committee of the Board of Directors of CoreSite Realty Corporation (the "Company") certified the level of achievement of the performance goals applicable to each award of performance-based restricted shares (each, a "Company Performance Stock Award"), which resulted in an increase in the number of shares of common stock, par value $0.01 per share ("Company Common Stock") underlying the Company Performance Stock Awards granted in 2019.
Footnote F2
In connection with the consummation of the Company Merger, at the Company Merger Effective Time (as defined below), each share of Company Common Stock, of the Company that was outstanding immediately prior to the Company Merger Effective Time (other than certain shares specified in the Merger Agreement (as defined below)) was automatically converted into the right to receive $170.00 in cash (the "Offer Price"), without interest and subject to required withholding taxes.
Footnote F3
At the Company Merger Effective Time, each award of time-based restricted shares ("Company Restricted Stock Award") that was outstanding as of immediately prior to the Company Merger Effective Time vested and all restrictions thereupon lapsed, and each such award was cancelled and converted into the right to receive a cash payment equal to the product of (A) the number of shares of Company Common Stock underlying such Company Restricted Stock Award as of immediately prior to the Effective Time and (B) the Offer Price.
Footnote F4
At the Company Merger Effective Time, each Company Performance Stock Award that was outstanding as of immediately prior to the Company Merger Effective Time vested and all restrictions thereupon lapsed, and each such award was converted into the right to receive a cash payment equal to the product of (A) the number of shares of Company Common Stock underlying such Company Performance Stock Award as of immediately prior to the Effective Time and (B) the Offer Price.
Footnote F5
At the Company Merger Effective Time, each award of restricted stock units ("Company Restricted Stock Unit Award") that was outstanding as of immediately prior to the Company Merger Effective Time vested in accordance with the terms of the applicable award agreement and all restrictions thereupon lapsed, and each such Company Restricted Stock Unit Award was converted into the right to receive a cash payment equal to the product of (i) the number of shares of Company Common Stock underlying such Restricted Stock Unit Award as of immediately prior to the Company Merger Effective Time and (ii) the Offer Price.
SEC remarks
This Form 4 reports securities disposed of under the terms of the Agreement and Plan of Merger (as amended or supplemented from time to time, the "Merger Agreement"), dated as of November 14, 2021, by and among the Company, CoreSite, L.P. ("Partnership"), Appleseed Merger Sub LLC ("Purchaser"), American Tower Investments LLC ("Parent"), Appleseed Holdco LLC ("Holdco"), Appleseed OP Merger Sub LLC ("OP Merger Sub") and, solely for the purposes of certain provisions specified therein, American Tower Corporation. Pursuant to the Merger Agreement, on December 28, 2021, (i) Purchaser merged with and into the Company, with the Company surviving as a wholly owned subsidiary of Holdco (the "Company Merger", and the effective time of such merger, the "Company Merger Effective Time"); (ii) substantially simultaneously with the Merger but preceding the Holdco Merger, OP Merger Sub merged with and into the Partnership, with the Partnership continuing as the surviving limited partnership (the "Partnership Merger"); and (iii) immediately following the Company Merger but after the Partnership Merger, the Company merged with and into Holdco, with Holdco continuing as the surviving limited liability company. A copy of the Merger Agreement is included as Exhibit 2.1 to the Company's Form 8-K filed with the SEC on November 14, 2021.