4//SEC Filing
Schall Benjamin 4
Accession 0000895345-20-000483
CIK 0001628063other
Filed
Mar 26, 8:00 PM ET
Accepted
Mar 27, 4:43 PM ET
Size
7.0 KB
Accession
0000895345-20-000483
Insider Transaction Report
Form 4
Schall Benjamin
DirectorCEO and President10% Owner
Transactions
- Award
Class A Common Shares
2020-03-02+28,578→ 272,021 total - Award
Class A Common Shares
2020-03-02+15,700→ 287,721 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. 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.
- [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 51,644 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 0001544531
Filing Metadata
- Form type
- 4
- Filed
- Mar 26, 8:00 PM ET
- Accepted
- Mar 27, 4:43 PM ET
- Size
- 7.0 KB