4//SEC Filing
Barber Jamie Allen 4
Accession 0001104659-20-060893
CIK 0001533615other
Filed
May 12, 8:00 PM ET
Accepted
May 13, 4:32 PM ET
Size
6.4 KB
Accession
0001104659-20-060893
Insider Transaction Report
Form 4
Barber Jamie Allen
General Counsel and Secretary
Transactions
- Award
LTIP Unit (Right to Buy)
2020-05-12+14,266→ 82,644 total→ Common Stock (14,266 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of the Issuer. The Issuer's Compensation Committee of its Board of Directors determined that 50% of the LTIP Units vested and became nonforfeitable as a result of meeting certain market based performance criteria as of May 8, 2020 and 50% of the LTIP Units will vest on May 8, 2021, pursuant to the grant award agreement stipulations. The performance-based LTIP Units were awarded pursuant to an LTIP Unit performance-based vesting agreement, the form of which was filed as Exhibit 99.3 to the Issuer's Current Report on Form 8-K filed on March 6, 2017, and pursuant to the Issuer's 2016 Equity Incentive Plan.
- [F2]As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
Documents
Issuer
Global Medical REIT Inc.
CIK 0001533615
Entity typeother
Related Parties
1- filerCIK 0001705686
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 4:32 PM ET
- Size
- 6.4 KB