4//SEC Filing
Kessler John B 4
Accession 0000899243-20-008667
CIK 0001541401other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 6:47 PM ET
Size
9.3 KB
Accession
0000899243-20-008667
Insider Transaction Report
Form 4
Kessler John B
President and COO
Transactions
- Award
LTIP Units
2020-03-16+167,218→ 541,102 total→ Class A Common Stock (167,218 underlying) - Other
LTIP Units
2020-03-16−42,537→ 0 total→ Class A Common Stock (42,537 underlying)
Footnotes (4)
- [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 granted on March 17, 2017 and were scheduled to vest based on the achievement of certain performance criteria relating to the Issuer's total return to the shareholders during a three-year performance period ending December 31, 2019. These units were forfeited due to failure to satisfy such performance criteria as of December 31, 2019.
- [F3]Each of the LTIP Units is subject to a holding period for an additional two years following the applicable vesting date of such LTIP Unit.
- [F4]These LTIP Units vest 25% ratably on each of the first four anniversaries of January 1, 2020, subject to continued employment through such dates.
Documents
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
Related Parties
1- filerCIK 0001631642
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 6:47 PM ET
- Size
- 9.3 KB