4//SEC Filing
Bennett Raymond 4
Accession 0001127602-19-023199
CIK 0000906107other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 4:19 PM ET
Size
6.6 KB
Accession
0001127602-19-023199
Insider Transaction Report
Form 4
Bennett Raymond
Director
Transactions
- Award
Restricted Units
2019-06-27$0.50/sh+2,232$1,116→ 2,232 totalExp: 2029-06-27→ Common Shares Of Beneficial Interest (2,232 underlying)
Footnotes (2)
- [F1]On June 27, 2019, the reporting person elected to receive a grant of Series 2019E 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 the Company's annual grant of long-term compensation for prospective service from the 2019 Annual Meeting of Shareholders to the 2020 Annual Meeting of Shareholders. The reporting person made a payment to the Operating Partnership of $0.50 for each Restricted Unit awarded. 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]The Restricted Units are scheduled to vest on June 27, 2020. In addition, the Restricted Units (including any OP Units into which they may automatically convert) are subject to a holding restriction until June 27, 2021.
Documents
Issuer
EQUITY RESIDENTIAL
CIK 0000906107
Entity typeother
Related Parties
1- filerCIK 0001757732
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 4:19 PM ET
- Size
- 6.6 KB