4//SEC Filing
Fernand Matthew E 4
Accession 0000895345-20-000480
CIK 0001628063other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 4:39 PM ET
Size
7.1 KB
Accession
0000895345-20-000480
Insider Transaction Report
Form 4
Fernand Matthew E
Chief Legal Officer
Transactions
- Award
Class A Common Shares
2020-03-02+4,563→ 26,791 total - Award
Class A Common Shares
2020-03-02+2,618→ 29,409 total
Footnotes (3)
- [F1]Represents Restricted Share Units awarded under the terms of a performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on February 27, 2017 based on a per share grant date value of $47.31 and covering the performance period January 1, 2017 to December 31, 2019. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of directors of the issuer of the applicable level of performance achievement. Half of the reported number of Restricted Share Units vested on March 2, 2020, when the performance determination was approved, and were settled in Class A common shares of the issuer on March 25, 2020 and the remaining half will vest on January 1, 2021, subject to the reporting person's continued employment with the issuer, and will be settled within 30 days thereafter.
- [F2]Represents a grant of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 2, 2020 based on a per share grant date value of $33.44. This award will vest in substantially equal installments on the anniversaries of the date of grant in 2021, 2022 and 2023.
- [F3]Includes 10,021 unvested Restricted Share Units, as of the date of this filing, after taking into account the transactions reported herein.
Documents
Issuer
Seritage Growth Properties
CIK 0001628063
Entity typeother
Related Parties
1- filerCIK 0001644525
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 4:39 PM ET
- Size
- 7.1 KB