Brixmor Property Group Inc. 4
4 · Brixmor Property Group Inc. · Filed Apr 16, 2015
Insider Transaction Report
Form 4
PAPPAGALLO MICHAEL V
See Remarks
Transactions
- Other
LTIP Units
2015-04-15+78→ 21,057 total→ Common Stock (78 underlying)
Footnotes (2)
- [F1]Upon satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and the expiration of a two year restricted period from the date of grant, each LTIP Unit may be converted, at the election of the holder, into a common unit of Brixmor Operating Partnership LP. The common units of Brixmor Operating Partnership LP are redeemable for cash or, at the option of the Issuer, exchangeable for shares of common stock of the Issuer, on a one-for-one basis.
- [F2]Represents the accrual of additional LTIP Units upon the reinvestment of dividend equivalents earned on 10,156 unvested LTIP Units previously earned under a performance award granted on March 18, 2014. The additional units, like the units on which they were paid, will vest on January 1, 2016, subject to the continued employment of the reporting person through that date.