4//SEC Filing
EQUITY RESIDENTIAL 4
Accession 0001127602-16-040025
$EQRCIK 0000906107operating
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 4:21 PM ET
Size
12.0 KB
Accession
0001127602-16-040025
Insider Transaction Report
Form 4
TENNISON MARK N
Executive Vice President
Transactions
- Award
Restricted Units
2016-02-04+1,720→ 1,720 totalExp: 2026-02-04→ Common Shares Of Beneficial Interest (1,720 underlying) - Award
Restricted Units
2016-02-04+6,555→ 6,555 totalExp: 2026-02-04→ Common Shares Of Beneficial Interest (6,555 underlying) - Award
Non-qualified Stock Option (Right to Buy)
2016-02-04+38,406→ 38,406 totalExercise: $76.27Exp: 2026-02-04→ Common Shares Of Beneficial Interest (38,406 underlying)
Footnotes (5)
- [F1]Represents share options scheduled to vest in three equal installments on February 4, 2017, February 4, 2018 and February 4, 2019.
- [F2]On February 4, 2016, the reporting person received a grant of Series 2016B restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of Equity Residential (the "Company"), in lieu of restricted shares of the Company as part of the Company's annual grant of long-term compensation. Restricted Units are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the Operating Partnership ("OP Units") when the capital account related to the Restricted Units reaches a specified target for federal income tax purposes (provided such target is reached within ten years of issuance). Subject to the vesting requirements of the grant and certain other restrictions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or the cash value of such shares, at the Company's option. The Restricted Units reflected in this report also include any OP Units into which such Restricted Units automatically convert.
- [F3]The Restricted Units are scheduled to vest on February 4, 2019.
- [F4]On February 4, 2016, the reporting person elected to receive a grant of Series 2016C restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership), the operating partnership of Equity Residential (the "Company"), in connection with all or a portion of their performance bonus. Restricted Units are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the Operating Partnership ("OP Units") when the capital account related to the Restricted Units reaches a specified target for federal income tax purposes (provided such target is reached within ten years of issuance). Subject to the vesting requirements of the grant and certain other restrictions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or the cash value of such shares, at the Company's option. The Restricted Units reflected in this report also include any OP Units into which such Restricted Units automatically convert.
- [F5]The Restricted Units vested on February 4, 2016, the date of the grant and remain subject to a two year hold requirement.
Documents
Issuer
EQUITY RESIDENTIAL
CIK 0000906107
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000906107
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 4:21 PM ET
- Size
- 12.0 KB