4//SEC Filing
GLIMCHER REALTY TRUST 4
Accession 0001104659-15-003475
CIK 0000912898operating
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 9:15 PM ET
Size
8.7 KB
Accession
0001104659-15-003475
Insider Transaction Report
Form 4
SCHMIDT GEORGE A
EVP & Chief Investment Officer
Transactions
- Disposition to Issuer
Common Shares of Beneficial Interest
2015-01-15−211,324→ 0 total - Disposition to Issuer
Performance Shares
2015-01-15−37,974→ 0 totalExp: 2016-12-31→ Common Stock (37,974 underlying)
Footnotes (3)
- [F1]Includes 92,679 common shares of beneficial interest of Glimcher Realty Trust (the "Issuer") disposed of pursuant to the Agreement and Plan of Merger, dated September 16, 2014 (the "Merger Agreement"). Each such common share of beneficial interest held by the Reporting Person was converted into 0.1989 shares of Washington Prime Group Inc. ("WPG") common stock plus $10.40 in cash upon the consummation of the merger of the Issuer with and into WPG Subsidiary Holdings I, LLC (the "Merger"). Also includes 118,645 restricted share awards, each of which vested as a common share of beneficial interest and was converted into 0.1989 of a WPG common share plus $10.40 in cash, plus any accrued but unpaid dividends with respect to such restricted share award, at the effective time of the Merger.
- [F2]Awarded to the Reporting Person under the 2012 Glimcher Realty Trust Incentive Compensation Plan. These performance shares awards provided for payment in the Issuer's common shares of beneficial interest in an amount ranging from 50% and 200% of the performance shares awarded based upon satisfaction of certain performance criteria over a three-year performance period.
- [F3]Reflects the number of performance shares that vested at the effective time of the Merger. Due to the change in control of the Issuer resulting from the consummation of the Merger, the performance period concluded at the effective time of the Merger. The performance shares were disposed of pursuant to the Merger Agreement, and the Reporting Person received 0.1989 shares of WPG common stock plus $10.40 in cash at the effective time of the Merger for each such vested performance share, less applicable withholding.
Documents
Issuer
GLIMCHER REALTY TRUST
CIK 0000912898
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000912898
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 9:15 PM ET
- Size
- 8.7 KB