DANZIGER FREDERICK M - 29 Jun 2023 Form 4 Insider Report for INDUS REALTY TRUST, INC.

Reporting relationship: Director, 10%+ Owner
Issuer ticker: N/A
Reported as of: 29 Jun 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 29 Jun 2023, 21:35:02 UTC
Prior SEC filing: 23 May 2023
Source filing: View source filing
Reporting owner signature: /s/ Frederick M. Danziger

Key filing fact

DANZIGER FREDERICK M filed Form 4 for INDUS REALTY TRUST, INC. on 29 Jun 2023.

Key facts

This page summarizes DANZIGER FREDERICK M's Form 4 filing for INDUS REALTY TRUST, INC..
5 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 29 Jun 2023, 21:35.

Change

Previous filing in this sequence was filed on 23 May 2023.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

INDT transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -66,483
Change %: -100%
Price
Shares after: 0
Date: 29 Jun 2023
Ownership: Direct
Footnotes: F1, F2

INDT transaction

Common Stock

Other

Transaction value
Shares: -48,699
Change %: -100%
Price
Shares after: 0
Date: 29 Jun 2023
Ownership: By spouse
Footnotes: F1, F2

INDT transaction

Common Stock

Other

Transaction value
Shares: -99,778
Change %: -100%
Price
Shares after: 0
Date: 29 Jun 2023
Ownership: Footnote
Footnotes: F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

INDT transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -1,483
Change %: -100%
Price
Shares after: 0
Date: 29 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,483
Exercise price
Footnotes: F1, F2

INDT transaction Derivative

Common Stock Options (right to buy)

Disposed to Issuer

Transaction value
Shares: -1,067
Change %: -100%
Price
Shares after: 0
Date: 29 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,067
Exercise price: $37.49
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

DANZIGER FREDERICK M is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated February 22, 2023, by and among the Issuer, IR Parent, LLC ("Parent") and IR Merger Sub II, Inc., the Issuer became a subsidiary of Parent upon consummation of the merger (the "Effective Time"). At the Effective Time, each of the outstanding shares of common stock was cancelled and converted into the right to receive $67 in cash (the "Merger Consideration"), without interest.

Footnote F2

In addition, immediately prior to the Effective Time, each of the (a) outstanding unexercised stock options was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the number of shares of common stock underlying such stock option immediately prior to the Effective Time and (ii) the Merger Consideration less the per share exercise price of such stock option, (b) outstanding restricted stock units ("RSUs") was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of common stock underlying such RSU immediately prior to the Effective Time and (ii) the Merger Consideration, and (c) outstanding performance-based RSUs ("PSUs") was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of common stock underlying such PSU and (ii) the Merger Consideration.

Footnote F3

Trusts in which Frederick M. Danziger or Lucy C. Danziger, spouse, have shared voting power as trustee.