SEC Form 4 · accession 0001127602-16-070258
MID AMERICA APARTMENT COMMUNITIES INC. · MAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell R French
Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 16, 2016 · 4:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912595
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 14, 2016 | M | 18,094 | $0.00 | A | 40,937 | D | |
| Common Stock | Dec 14, 2016 | D | 18,094 | $89.6861 | D | 22,843 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PPS Phantom StockF1 | — | Dec 14, 2016 | M | 18,094 | D | Dec 14, 2016 | Dec 14, 2016 | Common Stock | 18,094 | 0 | D |
Explanation of responses
- F1As of December 1, 2016, the Issuer acquired Post Properties, Inc. ("Post") pursuant to the Agreement and Plan of Merger dated as of August 15, 2016, by and among Mid-America Apartment Communities, Inc. (MAA), Mid-America Apartments, L.P., Post, Post GP Holdings, Inc. and Post Apartment Homes, L.P. ("Merger"). Each Phantom stock unit was the economic equivalent of one share of MAA common stock. Phantom stock units were held in the Post Amended and Restated Deferred Compensation Plan ("Plan") under the terms of which units are to be settled in cash as a result of the Merger. On December 14, 2016, the reporting person's holdings in the Plan were liquidated and distributed in cash in accordance with the Plan.