New York REIT, Inc. 4
4 · New York REIT, Inc. · Filed May 25, 2017
Insider Transaction Report
Form 4
KAHANE WILLIAM M
Director
Transactions
- Conversion
Common Stock
2017-05-18+5,640→ 153,838 total - Conversion
LTIP Units
2017-05-18+5,640→ 0 total→ Common Stock (5,640 underlying)
Footnotes (2)
- [F1]On May 18, 2017, in accordance with the Issuer's Multi-Year Outperformance Agreement, Long Term Incentive Plan Units ("LTIP Units") were issued to the Issuer's prior advisor, 5,640 of which were allocated to the reporting person and vested immediately. As a result, on May 18, 2017 the reporting person redeemed 5,640 LTIP Units in exchange for an equal number of shares of the Issuer's common stock. Terms of the LTIP Units were previously reported and described on the reporting person's Form 4 filed on April 17, 2014.
- [F2]Includes 16,000 shares of common stock issued pursuant to the Issuer's Restricted Share Plan. Restricted shares vest over a five year period beginning on April 15, 2015 in increments of 20% per annum.