Statement of Changes in Beneficial Ownership (4)
21 September 2017 - 6:21AM
Edgar (US Regulatory)
FORM 4
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X
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Daly Margaret M
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2. Issuer Name
and
Ticker or Trading Symbol
Monogram Residential Trust, Inc.
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
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__ Officer (give title below)
_____ Other (specify below)
EVP, Property Management
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(Last)
(First)
(Middle)
C/O MONOGRAM RESIDENTIAL TRUST, INC., 5800 GRANITE PARKWAY, SUITE 1000
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3. Date of Earliest Transaction
(MM/DD/YYYY)
9/19/2017
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(Street)
PLANO, TX 75024
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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9/19/2017
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D
(1)
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37590
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D
(1)
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$12.00
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0
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Restricted Stock Units
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$0
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9/19/2017
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D
(2)
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56410
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(2)
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(2)
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Common Stock
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56410
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$12.00
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0
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D
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Performance Restricted Stock Units
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$0
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9/19/2017
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D
(3)
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10205
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(3)
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(3)
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Common Stock
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10205
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$12.00
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0
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D
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Performance Restricted Stock Units
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$0
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9/19/2017
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D
(4)
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8240
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(4)
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(4)
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Common Stock
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8240
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$12.00
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0
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D
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Explanation of Responses:
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(1)
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Pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated July 4, 2017, by and among Monogram Residential Trust, Inc., a Maryland corporation (the "Issuer"), GS Monarch Parent, LLC, a Delaware limited liability company ("Parent"), and GS Monarch Acquisition, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Parent ("Acquisition Sub"), the Issuer merged with and into Acquisition Sub on September 19, 2017, with Acquisition Sub surviving as a wholly-owned subsidiary of Parent (the "Merger"). At the effective time of the Merger, each share of common stock, par value of $0.0001 per share ("Common Stock"), outstanding, automatically and without any required action on the part of the Reporting Person, was converted into the right to receive $12.00 in cash, without interest.
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(2)
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Pursuant to the Merger Agreement, the Issuer merged with and into Acquisition Sub on September 19, 2017, with Acquisition Sub surviving as a wholly-owned subsidiary of Parent. At the effective time of the Merger, each time-based restricted stock unit award outstanding, automatically and without any required action on the part of the Reporting Person, became fully vested, all restrictions thereon lapsed and all such time-based restricted stock unit awards were converted into the right to receive a cash payment in an amount equal to $12.00, without interest, for each share of Common Stock subject to time-based restricted stock unit awards without regard to vesting, less any required withholding taxes.
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(3)
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Pursuant to the Merger Agreement, the Issuer merged with and into Acquisition Sub on September 19, 2017, with Acquisition Sub surviving as a wholly-owned subsidiary of Parent. At the effective time of the Merger, each performance restricted stock unit award outstanding, automatically and without any required action on the part of the Reporting Person, became vested in full at the maximum performance level initially established for such award, which was based on the Issuer's annualized total stockholder return on an absolute basis from March 3, 2017 through August 20, 2017, and each such performance restricted stock unit award and related agreement was cancelled and converted into the right to receive a cash payment in an amount equal to $12.00, without interest, for each share of Common Stock subject to such performance stock unit award, less any required withholding taxes.
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(4)
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Pursuant to the Merger Agreement, the Issuer merged with and into Acquisition Sub on September 19, 2017, with Acquisition Sub surviving as a wholly-owned subsidiary of Parent. At the effective time of the Merger, each performance restricted stock unit award outstanding, automatically and without any required action on the part of the Reporting Person, became vested in full at the maximum performance level initially established for such award, which was based on the Issuer's annualized total stockholder return relative to a selected peer group from March 3, 2017 through August 20, 2017, and each such performance restricted stock unit award and related agreement was cancelled and converted into the right to receive a cash payment in an amount equal to $12.00, without interest, for each share of Common Stock subject to such performance stock unit award, less any required withholding taxes.
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Remarks:
Exhibit 24 - Power of Attorney
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Daly Margaret M
C/O MONOGRAM RESIDENTIAL TRUST, INC.
5800 GRANITE PARKWAY, SUITE 1000
PLANO, TX 75024
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EVP, Property Management
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Signatures
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/s/ Kevin Satter, by Power of Attorney
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9/20/2017
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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