0001209191-15-033817.txt : 20150413
0001209191-15-033817.hdr.sgml : 20150413
20150413172719
ACCESSION NUMBER: 0001209191-15-033817
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150409
FILED AS OF DATE: 20150413
DATE AS OF CHANGE: 20150413
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Landmark Apartment Trust, Inc.
CENTRAL INDEX KEY: 0001347523
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 203975609
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3505 E FRONTAGE ROAD
STREET 2: STE 150
CITY: TAMPA
STATE: FL
ZIP: 33607
BUSINESS PHONE: 813-281-2907
MAIL ADDRESS:
STREET 1: 3505 E FRONTAGE ROAD
STREET 2: STE 150
CITY: TAMPA
STATE: FL
ZIP: 33607
FORMER COMPANY:
FORMER CONFORMED NAME: Landmark Apartment Trust of America, Inc.
DATE OF NAME CHANGE: 20120807
FORMER COMPANY:
FORMER CONFORMED NAME: Apartment Trust of America, Inc.
DATE OF NAME CHANGE: 20110103
FORMER COMPANY:
FORMER CONFORMED NAME: Grubb & Ellis Apartment REIT, Inc.
DATE OF NAME CHANGE: 20071210
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lafon Betty Mechelle
CENTRAL INDEX KEY: 0001524764
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-52612
FILM NUMBER: 15767437
MAIL ADDRESS:
STREET 1: 4901 DICKENS ROAD
STREET 2: SUITE 101
CITY: RICHMOND
STATE: VA
ZIP: 23230
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2015-04-09
0
0001347523
Landmark Apartment Trust, Inc.
NONE
0001524764
Lafon Betty Mechelle
4901 DICKENS ROAD, SUITE 101
RICHMOND
VA
23230
0
1
0
0
See Remarks
Long-Term Incentive Plan Units
2015-04-09
4
A
0
6134.97
0.00
A
Common Stock
6134.97
9324.97
D
The long-term incentive plan units ("LTIP Units") are a special class of partnership interest in the issuer's operating partnership, Landmark Apartment Trust Holdings, LP, of which the issuer is the general partner. Initially, the LTIP Units will not have full parity with the common units issued by the issuer's operating partnership with respect to liquidating distributions. Under the terms of the LTIP Units, the issuer's operating partnership will revalue its assets upon the occurrence of certain specified events, and any increase in the Registrant's operating partnership's valuation from the time of grant until such event will be allocated first to holders of LTIP Units to equalize the capital accounts of such holders with the capital accounts of holders of common units.
Upon equalization of the capital accounts of the holders of LTIP Units with the other holders of common units, the LTIP Units will achieve full parity with the common units for all purposes, including with respect to liquidating distributions. If such parity is reached, vested LTIP Units may be converted into an equal number of common units at any time, and thereafter enjoy all the rights of common units, including the right to exchange such units for shares of the Registrant's common stock.
The LTIP Units vested immediately as to 25% of the shares upon grant, and 25% will vest on each of the first three anniversaries of April 9, 2015.
The LTIP Units do not have an expiration date.
Assistant Chief Financial Officer
/s/ Anthony E. Szydlowski, Attorney-in-Fact
2015-04-13