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