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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."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001209191-16-152535","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/903127/000120919116152535/doc4.xml","form_type":"4"}}]}