SEC Form 4 · accession 0001181431-15-008867
Excel Trust, Inc. · EXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark T Burton
Officer — CIO, SVP - Acquisitions · Director
Period of report
Jul 31, 2015
Accepted (ET)
Jul 31, 2015 · 6:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001478950
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jul 28, 2015 | G | 15,170 | $0.00 | D | 114,101 | D | |
| Common StockF1 | Jul 31, 2015 | D | 114,101 | $15.85 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Operating Partnership UnitsF4,F2,F3 | — | Jul 31, 2015 | D | 56,564 | D | Apr 28, 2011 | — | Common Stock | 56,564 | 0 | D |
Explanation of responses
- F1In connection with the merger of Excel Trust, Inc. with and into BRE Retail Centers Corp, an affiliate of The Blackstone Group L.P., and the Agreement and Plan of Merger, dated as of April 9, 2015, among Excel Trust, Inc., Excel Trust, L.P. and affiliates of The Blackstone Group L.P., each holder of shares of common stock of Excel Trust, Inc. received $15.85 in cash in exchange for each such share.
- F2Common Operating Partnership Units in Excel Trust, L.P., a Delaware limited partnership, of which the Issuer is the general partner. The Common Operating Partnership Units are redeemable for cash based upon the fair market value of an equivalent number of shares of the Issuer's Common Stock, or, at the election of the Issuer, shares of the Issuer's Common Stock on a one-for-one basis.
- F3The Common Operating Partnership Units have no expiration date.
- F4In connection with the merger of BRE Retail Centers LP, an affiliate of The Blackstone Group L.P., with and into Excel Trust, L.P., and the Agreement and Plan of Merger, dated as of April 9, 2015, among Excel Trust, Inc., Excel Trust, L.P. and affiliates of The Blackstone Group L.P., the Reporting Person's units were converted into 5.50% Series C Cumulative Preferred Units of the surviving partnership in the merger, on a one-for-one basis.