SEC Form 4 · accession 0001225208-16-038821
Apple REIT Ten, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Justin G Knight
Officer — President
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 4:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001498864
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred SharesF1 | Sep 1, 2016 | J | 30,090 | $0.00 | A | 30,090 | D | |
| Series B Convertible Preferred SharesF2 | Sep 1, 2016 | D | 30,090 | $0.00 | D | 0 | D | |
| UnitsF3,F4 | Sep 1, 2016 | D | 804 | $0.00 | D | 0 | D | |
| Series B Convertible Preferred SharesF5 | Sep 1, 2016 | J | 2,631 | $0.00 | A | 2,631 | I | By J. Knight Generation Skipping Irrevocable Trust |
| Series B Convertible Preferred SharesF6 | Sep 1, 2016 | D | 2,631 | $0.00 | D | 0 | I | By J. Knight Generation Skipping Irrevocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Glade M. Knight, the record holder of all the outstanding Series B Convertible Preferred Shares of the issuer, previously agreed to assign certain benefits (if any) to the reporting person associated with 30,090 Series B Convertible Preferred Shares, including the right of conversion upon the occurrence of certain events, including a merger of the issuer. On September 1, 2016, the issuer merged (the "Merger") with and into a wholly-owned subsidiary of Apple Hospitality REIT, Inc. ("Apple Hospitality").
- F2Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 190,277 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $364,517 in cash.
- F3Consisting of One Common Share and One Series A Preferred Share
- F4Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 419 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $804 in cash.
- F5Glade M. Knight, the record holder of all the outstanding Series B Convertible Preferred Shares of the issuer, previously agreed to assign certain benefits (if any) to a trust for the children of the reporting person associated with 2,631.25 Series B Convertible Preferred Shares, including the right of conversion upon the occurrence of certain events, including a merger of the issuer.
- F6Disposed of pursuant to merger agreement between issuer and Apple Hospitality in exchange for (i) 16,639 Apple Hospitality common shares having a closing market value of $18.94 per share on the effective date of the Merger, and (ii) approximately $31,876 in cash.