4//SEC Filing
Baum Allan 4
Accession 0001104659-18-061181
CIK 0001297587other
Filed
Oct 8, 8:00 PM ET
Accepted
Oct 9, 7:40 PM ET
Size
6.8 KB
Accession
0001104659-18-061181
Insider Transaction Report
Form 4
Baum Allan
Director
Transactions
- Disposition to Issuer
Restricted Share Units
2018-10-04$27.50/sh−10,140$278,850→ 0 total→ Common Shares (10,140 underlying)
Footnotes (3)
- [F1]Each restricted share unit represents a contingent right to receive one common share.
- [F2]Disposed of pursuant to the merger (the "Merger") described in the Agreement and Plan of Merger, dated as of May 6, 2018 (the "Merger Agreement"), by and among Gramercy Property Trust (the "Company"), BRE Glacier Parent L.P., BRE Glacier L.P., BRE Glacier Acquisition L.P. and GPT Operating Partnership LP. The Merger Agreement provides that effective immediately prior to the effective time of the Merger, each award of restricted share units granted under the Company's equity plan would be cancelled and converted into the right to receive an amount in cash equal to (i) the number of Common Shares subject to the restricted share units immediately prior to the effective time of the Merger multiplied by (ii) the per share Merger consideration of $27.50, but the parties to the Merger Agreement agreed that such cancellation and conversion of restricted share units granted to the trustees of the Company would take place on October 4, 2018.
- [F3]At the time of grant, restricted share units then granted were scheduled to become payable in Common Shares upon the earlier of (i) the first business day that occurred six months following the holder's separation of services as a trustee of the Company and (ii) a change in control of the Company.
Documents
Issuer
Gramercy Property Trust
CIK 0001297587
Entity typeother
Related Parties
1- filerCIK 0001298926
Filing Metadata
- Form type
- 4
- Filed
- Oct 8, 8:00 PM ET
- Accepted
- Oct 9, 7:40 PM ET
- Size
- 6.8 KB