Equity Commonwealth 4
4 · Equity Commonwealth · Filed Jun 21, 2017
Insider Transaction Report
Form 4
Shea Kenneth
Director
Transactions
- Award
LTIP Units
2017-06-20$0.25/sh+3,156$789→ 3,156 total→ Common Shares (3,156 underlying)
Footnotes (2)
- [F1]Each LTIP Unit will convert automatically into one share of beneficial interest, designated as a unit (an "OP Unit") of EQC Operating Trust when the LTIP Unit becomes vested and upon equalization of its capital account with the per-unit capital account of the OP Units. OP Units are redeemable for cash or, at the option of Equity Commonwealth, exchangeable for common shares of Equity Commonwealth on a one-for-one basis.
- [F2]Represents LTIP Units issued pursuant to the Equity Commonwealth 2015 Omnibus Incentive Plan. The LTIP Units will vest on 6/20/2018.