0001567619-22-005648.txt : 20220225
0001567619-22-005648.hdr.sgml : 20220225
20220225163945
ACCESSION NUMBER: 0001567619-22-005648
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220225
FILED AS OF DATE: 20220225
DATE AS OF CHANGE: 20220225
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LANDY EUGENE W
CENTRAL INDEX KEY: 0000905016
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33177
FILM NUMBER: 22681000
MAIL ADDRESS:
STREET 1: 3499 ROUTE 9 NORTH SUITE 3C
CITY: FREEHOLD
STATE: NJ
ZIP: 07728
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MONMOUTH REAL ESTATE INVESTMENT CORP
CENTRAL INDEX KEY: 0000067625
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 221897375
STATE OF INCORPORATION: MD
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 101 CRAWFORDS CORNER ROAD, SUITE 1405
CITY: HOLMDEL
STATE: NJ
ZIP: 07733
BUSINESS PHONE: (732) 577-4054
MAIL ADDRESS:
STREET 1: 101 CRAWFORDS CORNER ROAD, SUITE 1405
CITY: HOLMDEL
STATE: NJ
ZIP: 07733
FORMER COMPANY:
FORMER CONFORMED NAME: MONMOUTH REAL ESTATE INVESTMENT TRUST
DATE OF NAME CHANGE: 19900403
4
1
doc1.xml
FORM 4
X0306
4
2022-02-25
0
0000067625
MONMOUTH REAL ESTATE INVESTMENT CORP
MNR
0000905016
LANDY EUGENE W
101 CRAWFORDS CORNER ROAD
SUITE 1405
HOLMDEL
NJ
07733
1
1
0
0
Chairman of the Board
Common Stock
2022-02-25
4
D
0
1108443.623
D
0
D
Common Stock
2022-02-25
4
D
0
194405
D
0
I
Eugene W. Landy and Gloria Landy Family Foundation
Common Stock
2022-02-25
4
D
0
43748.195
D
0
I
Juniper Plaza Associates
Common Stock
2022-02-25
4
D
0
32866.355
D
0
I
Windsor Industrial Park Associates
Common Stock
2022-02-25
4
D
0
97913.57
D
0
I
Spouse
Common Stock
2022-02-25
4
D
0
13048
D
0
I
Landy Investments, Ltd.
Common Stock
2022-02-25
4
D
0
168293.62
D
0
I
Landy & Landy Employees' Pension Plan
Common Stock
2022-02-25
4
D
0
201426.819
D
0
I
Landy & Landy Employees' Profit Sharing Plan
Option to Purchase Common Stock
2022-02-25
4
D
0
65000
D
MNR Common Stock
65000
0
D
Option to Purchase Common Stock
2022-02-25
4
D
0
65000
D
MNR Common Stock
65000
0
D
On February 25, 2022, pursuant to the Agreement and Plan of Merger, dated as of November 5, 2021 and as amended on February 7, 2022 (the "Merger Agreement"), by and among Monmouth Real Estate Investment Corporation ("Monmouth"), Industrial Logistics Properties Trust ("ILPT"), and Maple Delaware Merger Sub LLC ("Merger Sub"), Monmouth merged with and into Merger Sub (the "Merger"), with Merger Sub surviving as a wholly owned subsidiary of ILPT.
At the effective time of the Merger (the "Effective Time"), each share of common stock, par value $0.01 per share, of Monmouth that was issued and outstanding immediately prior to the Effective Time (other than shares owned by Monmouth, ILPT or Merger Sub) was automatically converted into the right to receive $21.00 per share in cash (the "Common Stock Consideration"), without interest and subject to applicable withholding tax.
At the Effective Time, each Monmouth restricted stock award outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and was converted into the right to receive the Common Stock Consideration.
At the Effective Time, each Monmouth stock option outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and was converted into the right to receive the spread between the Common Stock Consideration and the exercise price.
Eugene W. Landy
2022-02-25