0001209191-16-152540.txt : 20161130 0001209191-16-152540.hdr.sgml : 20161130 20161130182308 ACCESSION NUMBER: 0001209191-16-152540 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161128 FILED AS OF DATE: 20161130 DATE AS OF CHANGE: 20161130 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: POST PROPERTIES INC CENTRAL INDEX KEY: 0000903127 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 581550675 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 BUSINESS PHONE: 4048465000 MAIL ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Konas Charles A. CENTRAL INDEX KEY: 0001479175 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12080 FILM NUMBER: 162026346 MAIL ADDRESS: STREET 1: 4401 NORTHSIDE PARKWAY STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30327 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-11-28 1 0000903127 POST PROPERTIES INC PPS 0001479175 Konas Charles A. 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA GA 30327 0 1 0 0 Executive Vice Pres. Common Stock 2016-11-28 5 G 0 E 1529 0.00 D 22707.3 D Common Stock 2016-11-30 4 F 0 736 65.02 D 21971.3 D Common Stock 2016-11-30 4 F 0 1932 65.02 D 20039.3 D Common Stock 2016-11-30 4 F 0 2820 65.02 D 17219.3 D Common Stock 2016-11-30 4 D 0 17219.3 D 0 D Units in 401(k) Plan 2016-11-30 4 D 0 1430.414 D Common Stock 1430.414 0 D Stock Option 44.05 2016-11-30 4 D 0 880 D 2022-01-25 Common Stock 880 0 D Stock Option 50.30 2016-11-30 4 D 0 2790 D 2023-01-28 Common Stock 2790 0 D Stock Option 46.93 2016-11-30 4 D 0 3560 D 2024-01-31 Common Stock 3560 0 D Stock Option 60.40 2016-11-30 4 D 0 3080 D 2025-02-03 Common Stock 3080 0 D Stock Option 57.80 2016-11-30 4 D 0 9010 D 2026-02-01 Common Stock 9010 0 D Balance includes 226 shares purchased under the Issuer's Employee Stock Purchase Plan (the "Plan"), during the purchase periods January 1, 2016 to June 30, 2016 and July 1, 2016 to November 18, 2016. The balance includes 11,448 restricted shares that had not vested as of the Transaction Date. As of November 30, 2016, Issuer was acquired by Mid-America Apartment Communities, Inc. ("MAA") pursuant to a merger agreement dated August 15, 2016 (Merger Agreement"), as described in the Issuer/MAA Joint Proxy Statement dated September 30, 2016 and filed by MAA with the SEC on that date (the "Merger"). Each outstanding share of Issuer Common Stock was converted into .71 shares of MAA Common Stock ("Exchange Ratio") with cash paid for fractional shares. All dispositions by Reporting Person in the Merger were approved in advance by Issuer's Board of Directors. Issuer outstanding unvested restricted stock units ("RSU's") became fully vested under the Merger Agreement and Issuer shares were withheld for payment of withholding income taxes. All vested RSU's were then converted into MAA common stock at the Exchange Ratio. The issuer's outside administrator for the employees 401(k) plan held issuer stock in a pooled fund as a participant investment option. Participant contributions designated to be invested in issuer common stock were accounted for as units of interest in the issuer fund. As of 11/30/2016, the equivalent of 1430.414026 shares of common stock were held in the issuer 401(k) Plan. These shares were converted into shares of MAA common stock at the Exchange Ratio. Issuer outstanding stock options, if not yet vested became vested, and all Issuer stock options were converted at the Exchange Ratio into MAA fully vested stock options under the terms of each outstanding Issuer stock option. Cash was paid for fractional shares. /s/ Sherry Cohen, Power of Attorney 2016-11-30