0001415889-22-006878.txt : 20220623 0001415889-22-006878.hdr.sgml : 20220623 20220623152348 ACCESSION NUMBER: 0001415889-22-006878 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220623 FILED AS OF DATE: 20220623 DATE AS OF CHANGE: 20220623 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Aide Michael CENTRAL INDEX KEY: 0001811464 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34995 FILM NUMBER: 221035237 MAIL ADDRESS: STREET 1: 3284 NORTHSIDE PARKWAY NW STREET 2: SUITE 150 CITY: ATLANTA STATE: GA ZIP: 30327 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PREFERRED APARTMENT COMMUNITIES INC CENTRAL INDEX KEY: 0001481832 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 271712193 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3284 NORTHSIDE PARKWAY NW STREET 2: SUITE 150 CITY: ATLANTA STATE: GA ZIP: 30327 BUSINESS PHONE: 770 818 4100 MAIL ADDRESS: STREET 1: 3284 NORTHSIDE PARKWAY NW STREET 2: SUITE 150 CITY: ATLANTA STATE: GA ZIP: 30327 4 1 form4-06232022_120638.xml X0306 4 2022-06-23 1 0001481832 PREFERRED APARTMENT COMMUNITIES INC APTS 0001811464 Aide Michael 3284 NORTHSIDE PARKWAY, NW SUITE 150 ATLANTA GA 30327 false true false false PRESIDENT - RETAIL Common Stock, par value $0.01 per share 2022-06-23 4 D 0 32416 D 0 D Class A Units 2022-06-23 4 D 0 7071 D Common Stock 7071 0 D On June 23, 2022, pursuant to the Agreement and Plan of Merger, dated as of February 16, 2022 (as amended from time to time, the "Merger Agreement"), by and among Pike Parent LLC, Pike Merger Sub I LLC ("Merger Sub I"), Pike Merger Sub II LLC ("Merger Sub II"), Pike Merger Sub III LLC, Preferred Apartment Communities, Inc. ("PAC"), Preferred Apartment Communities Operating Partnership, L.P. (the "Partnership"), and PAC Operations, LLC, PAC merged with and into Merger Sub I (the "Company Merger") and each share of PAC common stock issued and outstanding immediately prior to the effective time of the Company Merger was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest. Includes 23,581 shares of unvested time-based restricted common stock. Pursuant to the Merger Agreement, each share of unvested time-based restricted common stock granted pursuant to PAC's 2019 Stock Incentive Plan (the "Long-Term Incentive Plan") outstanding immediately prior to the effective time of the Company Merger automatically became fully vested and all restrictions and reacquisition rights thereon lapsed. All shares of PAC common stock represented thereby were considered outstanding for all purposes under the Merger Agreement and therefore automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per share, without interest. On June 23, 2022, pursuant to the Merger Agreement, Merger Sub II merged with and into the Partnership (the "Partnership Merger") and each Class A unit of the Partnership (a "Class A Partnership Unit"), or fraction thereof, that was issued and outstanding immediately prior to the effective time of the Partnership Merger held by the Reporting Person was automatically cancelled and converted into the right to receive an amount in cash equal to $25.00 per Class A Partnership Unit, without interest. /s/ Jeffrey R Sprain, Attorney-in-Fact 2022-06-23