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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option | $ 10 | 01/22/2013 | D | 3,000 | 01/22/2010 | 01/22/2018 | Common Stock | 3,000 | $ 0 (2) | 0 | D | ||||
Stock Option | $ 10 | 01/22/2013 | D | 3,000 | 05/22/2011 | 05/22/2019 | Common Stock | 3,000 | $ 0 (2) | 0 | D | ||||
Stock Option | $ 10 | 01/22/2013 | D | 3,000 | 05/17/2012 | 05/17/2020 | Common Stock | 3,000 | $ 0 (2) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Stanley William G 405 PARK AVENUE NEW YORK, NY 10022 |
X |
/s/ William G. Stanley | 01/24/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Disposed of 98,574 shares of Issuer's common stock. All such shares are being disposed of pursuant to a merger agreement among the Issuer, Realty Income Corporation ("Realty") and Tau Acquisition LLC in exchange for 28,330 shares of Realty common stock at an exchange ratio of .2874 shares of Realty stock for each share of Issuer stock plus $0.35 in cash consideration per share. At the close of business on January 22, 2013, Realty stock had a market value of $44.04 per share. The fractional shares based upon the conversion of 98,574 shares at a ratio of .2874 Realty shares also resulted in a cash payment of $7.12. |
(2) | The aggregate of 9,000 Issuer Stock Options were converted into Realty shares at an exchange ratio minus $10.00 per share, or 593 Realty shares. The fractional shares based upon this conversion also resulted in a cash payment of $35.75. |