4//SEC Filing
Parkway, Inc. 4
Accession 0001123292-16-002857
CIK 0001677761operating
Filed
Oct 11, 8:00 PM ET
Accepted
Oct 12, 6:44 PM ET
Size
12.2 KB
Accession
0001123292-16-002857
Insider Transaction Report
Form 4
Lipsey M. Jayson
EVP, CHIEF OPERATING OFFICER
Transactions
- Award
OP Units
2016-10-07+7,262→ 7,262 total→ Common Stock (7,262 underlying) - Award
Common Stock
2016-10-07+14,208→ 73,266 total - Award
Employee Stock Option (Right to Buy)
2016-10-07+132,045→ 132,045 totalExercise: $22.00Exp: 2023-03-02→ Common Stock (132,045 underlying) - Award
Common Stock
2016-10-07+59,058→ 59,058 total
Footnotes (4)
- [F1]Represents time-based restricted stock units with respect to Parkway Properties, Inc.'s ("Old Parkway") common stock that were assumed and converted into time-based restricted stock units with respect to the Company's common stock ("RSUs") in connection with both the merger (the "Merger") of Old Parkway with and into a subsidiary of Cousins Properties Incorporated ("Cousins") and the subsequent pro rata distribution of the common stock of the Company by Cousins to its common stockholders (the "Distribution"), which RSUs will vest 1/3 on each of the first, second, and third anniversaries of the closing date of the Merger, subject to the executive's continued service with the Company on such dates.
- [F2]Received pursuant to the Distribution on a distribution ratio of one share of the Company's common stock for every eight shares of Cousins common stock held on the record date.
- [F3]Represents options that were assumed and converted in connection with both the Merger and the Distribution, 75% of which are fully vested and 25% of which will vest on March 2, 2017, subject to the executive's continued service with the Company on such date.
- [F4]The OP units were held by the reporting person prior to the Distribution as LTIP units that were a derivative security of Old Parkway that vested and converted into OP units immediately prior to the Merger. In connection with the Merger, the OP units became a derivative security of the Company. OP units may be redeemed for cash or, at the Company's election, shares of the Company's common stock on a one-for-one basis beginning 12 months following the date of the initial issuance of the OP unit, or at such other time as may be set forth in the agreement pursuant to which the applicable OP units are issued.
Documents
Issuer
Parkway, Inc.
CIK 0001677761
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001677761
Filing Metadata
- Form type
- 4
- Filed
- Oct 11, 8:00 PM ET
- Accepted
- Oct 12, 6:44 PM ET
- Size
- 12.2 KB