Johnson Gage R. 4
4 · Paramount Group, Inc. · Filed Mar 27, 2023
Insider Transaction Report
Form 4
Johnson Gage R.
SVP, GC and Secretary
Transactions
- Conversion
LTIP Units
2023-03-23−3,000→ 82,714 total→ Common Stock (3,000 underlying) - Purchase
Common Stock
2023-03-23$3.97/sh+4,500$17,852→ 4,500 total - Conversion
Common Stock
2023-03-23+3,000→ 7,500 total
Footnotes (1)
- [F1]Common stock issued upon the redemption of an equal number of common units of limited partnership interest ("OP Unit") in Paramount Group Operating Partnership LP (the "Partnership"). Each OP Unit was acquired upon conversion of a vested LTIP Unit that was previously issued on November 24, 2014 as one-time founders' grants in connection with the Issuer's initial public offering. Such OP Units are generally not redeemable without the consent of the Issuer until two years from the date of the grant. The conversion feature of vested LTIP Units and the redemption rights for OP Units do not have expiration dates.