4//SEC Filing
Lipsey M. Jayson 4
Accession 0001123292-17-001531
CIK 0001677761other
Filed
Oct 12, 8:00 PM ET
Accepted
Oct 13, 4:05 PM ET
Size
14.2 KB
Accession
0001123292-17-001531
Insider Transaction Report
Form 4
Lipsey M. Jayson
EVP, CHIEF OPERATING OFFICER
Transactions
- Disposition to Issuer
Common Stock
2017-10-12−41,135→ 0 total - Disposition to Issuer
Common Stock
2017-10-11−79,506→ 41,135 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2017-10-11−132,045→ 0 totalExercise: $22.00Exp: 2023-03-02→ Common Stock (132,045 underlying) - Award
Common Stock
2017-10-11+18,726→ 120,641 total - Disposition to Issuer
OP Units
2017-10-12−7,262→ 0 total→ Common Stock (7,262 underlying)
Footnotes (6)
- [F1]Represents performance-based RSUs that were previously issued at the "target" performance level, and which vested on October 11, 2017 at the "stretch" performance level pursuant to the Agreement and Plan of Merger, dated as of June 29 2017, (the "Merger Agreement") by and among Parkway, Inc. (the "Company"), a Maryland corporation, Parkway Properties LP, a Delaware limited partnership (the "Partnership"), Real Estate Houston US Trust ("Parent"), a Delaware statutory trust and wholly-owned subsidiary of Canada Pension Plan Investment Board, a Canadian Crown corporation ("CPPIB"), Real Estate Houston US LLC, a Delaware limited liability company and a wholly-owned subsidiary of Parent, and Real Estate Houston US LP, a Delaware limited partnership and an indirect wholly-owned subsidiary of Parent ("Merger Partnership").
- [F2]Represents 28,208 time-based RSUs and 51,298 performance-based RSUs, which fully vested and were disposed of pursuant to the Merger Agreement in exchange for $23.05 in cash per share, without interest, less any applicable tax withholding.
- [F3]Disposed of pursuant to Merger Agreement in exchange for $19.05 in cash per share, without interest, less any applicable tax withholding.
- [F4]Options were fully vested
- [F5]Disposed of pursuant to the Merger Agreement in exchange for $1.05 in cash per share underlying the stock options, representing the spread between the exercise price and the per share transaction consideration of $23.05, less applicable withholding taxes.
- [F6]Disposed of pursuant to the Merger Agreement in exchange for the right to receive a new partnership preferred unit of the surviving partnership following the merger of Merger Partnership with and into the Partnership, with the Partnership as the surviving entity. OP Units were derivative securities of the Company, which were redeemable 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 were set forth in the agreement pursuant to which the applicable OP units were issued.
Documents
Issuer
Parkway, Inc.
CIK 0001677761
Entity typeother
Related Parties
1- filerCIK 0001532644
Filing Metadata
- Form type
- 4
- Filed
- Oct 12, 8:00 PM ET
- Accepted
- Oct 13, 4:05 PM ET
- Size
- 14.2 KB