4//SEC Filing
Andrew J. Prentice 4
Accession 0000899243-18-005259
CIK 0001541401other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 2:30 PM ET
Size
7.0 KB
Accession
0000899243-18-005259
Insider Transaction Report
Form 4
Andrew Prentice
Chief Accounting Officer
Transactions
- Award
LTIP Units
2018-02-21+2,344→ 2,344 total→ Class A Common Stock (2,344 underlying)
Footnotes (2)
- [F1]These represent long term incentive plan units ("LTIP Units"), a class of units of Empire State Realty OP, L.P. (the "Operating Partnership"). Conditioned upon sufficient allocations to the capital accounts of the LTIP Units for federal income tax purposes, LTIP Units are convertible by the reporting person, upon vesting, into an equivalent number of units of limited partnership interests ("Operating Partnership Units") of the Operating Partnership, which are redeemable by the holder for shares of Class A Common Stock of Empire State Realty Trust, Inc. (the "Issuer") on a one-for-one basis or the cash value of such shares, at the Issuer's option. The rights to convert LTIP units into Operating Partnership Units and redeem Operating Partnership Units do not have expiration dates.
- [F2]These LTIP Units were earned on the achievement of certain performance criteria based on the Issuer's total shareholder return measured in both absolute and industry-relative terms during a three-year performance period which ended on December 31, 2017. 50% of such earned LTIP units fully vested as of January 1, 2018, and the remaining 50% of such earned LTIP units will vest on January 1, 2019, subject to continued employment.
Documents
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001587374
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 2:30 PM ET
- Size
- 7.0 KB