SEC Form 4 · accession 0001209191-15-065167
ASSOCIATED ESTATES REALTY CORP · AEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason A Friedman
Officer — SVP-Acquisitions & Development
Period of report
Aug 7, 2015
Accepted (ET)
Aug 11, 2015 · 2:49 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000911635
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, without par valueF1 | Aug 7, 2015 | D | 60,372 | $28.75 | D | 0 | D | |
| Common Shares, without par valueF1 | Aug 7, 2015 | D | 5,044 | $28.75 | D | 0 | I | By child |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionsF2 | $8.77 | Aug 7, 2015 | D | 10,000 | D | Sep 8, 2010 | Sep 8, 2019 | Common Shares | 10,000 | 0 | D |
Explanation of responses
- F1Common shares disposed of pursuant to a merger agreement among the Issuer, BSREP II Aries Pooling LLC and BSREP II Aries DE Merger Sub Inc. in exchange for the right to receive $28.75 in cash per share.
- F2Disposed of pursuant to a merger agreement among the Issuer, BSREP II Aries Pooling LLC and BSREP II Aries DE Merger Sub Inc. in exchange for the right to receive $19.98 per share underlying the stock options, representing the spread between the exercise price and the merger price of $28.75 per share.