Washington Prime Group Inc. 4
4 · Washington Prime Group Inc. · Filed Jan 20, 2015
Insider Transaction Report
Form 4
Overly Niles C
Director
Transactions
- Award
Common Stock, $.0001 par value
2015-01-15+25,781→ 25,781 total - Award
Stock Option (Right to Buy)
2015-01-15−940→ 940 totalExercise: $1.79Exp: 2019-03-11→ Common Stock (940 underlying) - Award
Stock Option (Right to Buy)
2015-01-15−2,352→ 2,352 totalExercise: $34.80Exp: 2017-03-07→ Common Stock (2,352 underlying) - Award
Stock Option (Right to Buy)
2015-01-15−940→ 940 totalExercise: $5.76Exp: 2020-03-04→ Common Stock (940 underlying) - Award
Stock Option (Right to Buy)
2015-01-15−2,352→ 2,352 totalExercise: $32.75Exp: 2015-03-08→ Common Stock (2,352 underlying) - Award
Stock Option (Right to Buy)
2015-01-15−2,352→ 2,352 totalExercise: $32.17Exp: 2016-05-04→ Common Stock (2,352 underlying)
Footnotes (8)
- [F1]Acquisition of securities in connection with the Agreement and Plan of Merger, dated September 16, 2014 (the "Merger Agreement"), pursuant to which Glimcher Realty Trust ("Glimcher") merged with and into WPG Subsidiary Holdings I, LLC, an indirect subsidiary of the Issuer (the "Merger").
- [F2]Upon consummation of the Merger, each common share of beneficial interest of Glimcher held by the Reporting Person at the effective time of the Merger was converted into 0.1989 shares of Issuer common stock plus $10.40 in cash. Each Glimcher restricted share held by the Reporting Person at the effective time of the Merger was converted into an award of a number of restricted common shares of the Issuer equal to the number of Glimcher restricted shares held multiplied by the sum of (x) 0.1989 of a share of common stock of the Issuer and (y) the quotient of (A) $10.40 divided by (B) the volume weighted average closing price of Issuer common stock on the New York Stock Exchange ("NYSE") on the last ten trading days immediately prior to the Merger.
- [F3]The option vested on March 9, 2005.
- [F4]Upon consummation of the Merger, each outstanding stock option of Glimcher was converted into 0.784 of an option of the Issuer.
- [F5]The option vested on May 5, 2006.
- [F6]The option vested on March 8, 2007.
- [F7]The option vested in three equal annual installments commencing on March 12, 2010.
- [F8]The option vested in three equal annual installments commencing on March 5, 2011.