Biddle Leslie D. 4
4 · Empire State Realty Trust, Inc. · Filed May 20, 2019
Insider Transaction Report
Form 4
Biddle Leslie D.
Director
Transactions
- Award
LTIP Units
2019-05-17+13,605→ 35,799 total→ Class A Common Stock (13,605 underlying)
Footnotes (1)
- [F1]Represents LTIP Units ("LTIP Units"), a class of units of Empire State Realty OP, L.P. (the "Operating Partnership"). The 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. The LTIP Units, which vest ratably on each of the first three anniversaries of the date of grant, were granted under the Empire State Realty Trust, Inc. Empire State Realty OP, L.P. 2019 Equity Incentive Plan.