4//SEC Filing
Keltner Thomas N. 4
Accession 0000899243-20-009220
CIK 0001541401other
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 7:02 AM ET
Size
6.8 KB
Accession
0000899243-20-009220
Insider Transaction Report
Form 4
Keltner Thomas N.
See Remarks
Transactions
- Award
LTIP Units
2020-03-19−75,385→ 283,054 total→ Class A Common Stock (75,385 underlying)
Footnotes (3)
- [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 represent time-based LTIP Units that vest ratably on each of the first three anniversaries of January 1, 2020, subject to continued employment through such dates, issued pursuant to the Issuer's Empire State Realty Trust, Inc. Empire State Realty OP, L.P. 2019 Equity Incentive Plan, in connection with an annual incentive bonus compensation election made by the reporting person.
- [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.
Documents
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
Related Parties
1- filerCIK 0001587458
Filing Metadata
- Form type
- 4
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 7:02 AM ET
- Size
- 6.8 KB