Key facts
- This page summarizes Devin I. Murphy's Form 4 filing for Apartment Income REIT Corp..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Jul 2024, 21:48.
Devin I. Murphy - 28 Jun 2024 Form 4 Insider Report for Apartment Income REIT Corp.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 28 Jun 2024
- Net transaction value
- -$445,420
- SEC form
- 4
- Accepted by SEC
- 02 Jul 2024, 21:48:03 UTC
- Prior SEC filing
- 05 Mar 2024
- Next SEC filing
- 05 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Devin Murphy
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Devin I. Murphy filed Form 4 for Apartment Income REIT Corp. on 02 Jul 2024.
Change
- Previous filing in this sequence was filed on 05 Mar 2024.
- Current net transaction value: -$445,420.
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.
AIRC
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $445,420
- Shares
- -11,386
- Change %
- -100%
- Price
- $39.12
- Shares after
- 0
- Date
- 28 Jun 2024
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AIRC
transaction
Derivative
LTIP Units of Apartment Income REIT, L.P.
Disposed to Issuer
- Transaction value
- Shares
- -12,111
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 28 Jun 2024
- Ownership
- Direct
- Underlying class
- Partnership Common Units
- Underlying amount
- 12,111
- Exercise price
- Footnotes
- F1, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Devin I. Murphy 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
On June 28, 2024, the Issuer was acquired by Apex Purchaser LLC, Aries Purchaser LLC and Astro Purchaser LLC (collectively, the "Parent Entities"), pursuant to that certain Agreement and Plan of Merger entered into by and among the Issuer, the Parent Entities and Astro Merger Sub, Inc., a wholly owned subsidiary of the Parent Entities and an affiliate of Blackstone Real Estate Partners X L.P. ("Merger Sub"), dated as of April 7, 2024 (the "Merger Agreement"). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer surviving such merger as a wholly-owned subsidiary of the Parent Entities (the "Merger").
Footnote F2
At the effective time of the Merger (the "Effective Time"), each share of the Issuer's Class A common stock outstanding immediately prior to the Effective Time (other than certain excluded shares) was automatically canceled and converted into the right to receive $39.12 in cash, without interest and subject to any required withholding taxes.
Footnote F3
Pursuant to the Seventh Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement") of Apartment Income REIT, L.P. ("AIR LP"), a holder of LTIP Units had the right to convert all or a portion of such holder's vested LTIP Units into Partnership Common Units (as such term is defined in the Partnership Agreement). Pursuant to the Partnership Agreement, holders of Partnership Common Units had the right to require AIR LP to redeem such holder's Partnership Common Units, which redemption may have been for Class A Common Stock of Apartment Income REIT Corp. or a cash amount equal to the value of such shares of Class A Common Stock pursuant to the formula set forth in the Partnership Agreement. In connection with the Merger Agreement, such LTIP Units are no longer redeemable for Class A Common Stock and now are only redeemable for cash based on the value of AIR LP Partnership Common Units, as determined by an amendment to the Partnership Agreement.
Footnote F4
The LTIP Units are fully vested.
Footnote F5
The LTIP Units do not expire.