4//SEC Filing
EQUITY RESIDENTIAL 4
Accession 0001127602-17-004074
$EQRCIK 0000906107operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 4:43 PM ET
Size
6.3 KB
Accession
0001127602-17-004074
Insider Transaction Report
Form 4
Santee David S
Executive Vice President
Transactions
- Award
Restricted Units
2017-02-02+8,856→ 8,856 totalExp: 2027-02-02→ Common Shares Of Beneficial Interest (8,856 underlying)
Footnotes (2)
- [F1]On February 2, 2017, the reporting person received a grant of Series 2017B 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.
- [F2]These Restricted Units are scheduled to vest on February 2, 2020.
Documents
Issuer
EQUITY RESIDENTIAL
CIK 0000906107
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000906107
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 4:43 PM ET
- Size
- 6.3 KB