SEC Form 4 · accession 0001140361-16-079423
RESOURCE AMERICA, INC. · REXI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arthur J. Miller
Officer — VP & CAO
Period of report
Sep 8, 2016
Accepted (ET)
Sep 12, 2016 · 10:52 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000083402
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 8, 2016 | D | 13,443 | — | D | 0 | D | |
| Common StockF1 | Sep 8, 2016 | D | 16,405 | — | D | 0 | I | By 401(K) Plan Account |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $8.14 | Sep 8, 2016 | D | 3,000 | D | May 21, 2009 | May 21, 2019 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1In connection with the merger (the "Merger") of the Issuer with and into Regent Acquisition Inc. ("Regent"), a subsidiary of C-III Capital Partners LLC ("C-III"), pursuant to that certain Agreement and Plan of Merger dated as of May 22, 2016, by and among the Issuer, C-III and Regent, the Reporting Person received $9.78 in cash for each share of common stock and each restricted stock award and deferred stock unit award of the Issuer owned by the Reporting Person. In connection with the Merger, stock options held by the Reporting Person became fully vested (to the extent not vested) and were cancelled and converted into the right to receive an amount in cash equal to the product of (1) the total number of shares of Issuer common stock subject to such option multiplied by (2) the excess, if any, of $9.78 over the exercise price per share of such option. Any option that had an exercise price per share that equaled or exceeded $9.78 was cancelled for no consideration.