KIMCO REALTY CORP - 14 Oct 2022 Form 4 Insider Report for Albertsons Companies, Inc. (ACI)

Reporting relationship: Other*
Issuer ticker: ACI
Reported as of: 14 Oct 2022
Net transaction value: -$301,070,000
SEC form: 4
Accepted by SEC: 14 Oct 2022, 16:34:47 UTC
Source filing: View source filing
Reporting owner signature: Kimco Realty Corp., by /s/ Raymond Edwards, Executive Vice President

Key filing fact

KIMCO REALTY CORP filed Form 4 for Albertsons Companies, Inc. (ACI) on 14 Oct 2022.

Key facts

This page summarizes KIMCO REALTY CORP's Form 4 filing for Albertsons Companies, Inc. (ACI).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 14 Oct 2022, 16:34.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$301,070,000.

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.

ACI transaction

Class A common stock par value $0.01

Sale

Transaction value: $301,070,000
Shares: -11,500,000
Change %: -29%
Price: $26.18
Shares after: 28,338,105
Date: 14 Oct 2022
Ownership: See footnotes
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

All securities reported as sold herein were sold by KRS ABS, LLC. Following the transaction reported herein, 28,161,294 securities are held by KRS ABS, LLC and 176,811 are held by KRSX Merge, LLC.

Footnote F2

The securities reported herein are held by KRS ABS, LLC and KRSX Merge, LLC. Kimsouth Realty Inc. is the sole member of KRS ABS, LLC and is a wholly-owned subsidiary of Kimkon Inc. Kimkon Inc. is a wholly-owned subsidiary of KRSX Merge, LLC. KRSX Merge, LLC is a wholly-owned subsidiary of the Reporting Person.

Footnote F3

The Reporting Person may be deemed to share beneficial ownership of the securities reported herein held by KRS ABS, LLC and KRSX Merge, LLC, but disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein, if any. Each of Kimsouth Realty Inc., Kimkon Inc. and KRSX Merge, LLC may be deemed to share beneficial ownership of the securities reported herein held by KRS ABS, LLC, but each disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein, if any.

SEC remarks

KRS ABS, LLC and KRSX Merge, LLC, each an indirect subsidiary of Kimco Realty Corp. and a holder of shares of Class A common stock of the Issuer, have entered into a stockholders agreement, dated June 25, 2020 (the "Stockholders Agreement"), among the Issuer and certain other holders of Class A common stock (such holders, together with KRS ABS, LLC and KRSX Merge, LLC, the "Sponsors"). Pursuant to the Stockholders Agreement, the Sponsors have agreed to vote together on certain matters relating to the Issuer. As a result, the Sponsors may be deemed members of a group that beneficially owns more than 10% of the outstanding shares of Class A common stock of the Issuer. However, none of KRS ABS, LLC and KRSX Merge, LLC, or their respective affiliates, including Kimco Realty Corp., has a pecuniary interest in the securities of the Issuer held by the other Sponsors.