Apple REIT
The company said it is evaluating the potential consolidation of its Apple REIT Seven, Eight and Nine funds. It has hired KeyBanc Capital Markets Inc. as its financial advisor to help explore the idea.
The Company also said that its dividend reinvestment and share redemption programs have been suspended while it considers the consolidation plan.
Glade Knight, chief executive of the Apple REIT Companies, acquired 54,546 units of Apple REIT Ten shares at $11 each, a total of $600,000. The shares are held in the name of his spouse.
Eastern Virginia Bankshares (EVBS)
A dozen of the company’s directors and executives acquired various amounts of shares through their participation in its recent capital raise. Among them, chief executive Joe Shearin acquired 261 shares at $4.55 per share.
Genworth Financial (GNW)
Kelly Groh, the company’s controller, exercised options for 4,000 shares at $2.46 each. She then sold the shares at market price for $12 per share.
Media General (MEG)
Marshall Morton, the company’s former CEO, took a payout of $936,000 as part of a required cash distribution related to his retirement at the end of 2012. The payout on 85,251 shares at $10.99 per share was triggered six months after his retirement date. The shares were part of a 401(k) deferred compensation plan.
Apple REIT
The company said it is evaluating the potential consolidation of its Apple REIT Seven, Eight and Nine funds. It has hired KeyBanc Capital Markets Inc. as its financial advisor to help explore the idea.
The Company also said that its dividend reinvestment and share redemption programs have been suspended while it considers the consolidation plan.
Glade Knight, chief executive of the Apple REIT Companies, acquired 54,546 units of Apple REIT Ten shares at $11 each, a total of $600,000. The shares are held in the name of his spouse.
Eastern Virginia Bankshares (EVBS)
A dozen of the company’s directors and executives acquired various amounts of shares through their participation in its recent capital raise. Among them, chief executive Joe Shearin acquired 261 shares at $4.55 per share.
Genworth Financial (GNW)
Kelly Groh, the company’s controller, exercised options for 4,000 shares at $2.46 each. She then sold the shares at market price for $12 per share.
Media General (MEG)
Marshall Morton, the company’s former CEO, took a payout of $936,000 as part of a required cash distribution related to his retirement at the end of 2012. The payout on 85,251 shares at $10.99 per share was triggered six months after his retirement date. The shares were part of a 401(k) deferred compensation plan.