LOWENTHAL EDWARD 4
4 · OMEGA HEALTHCARE INVESTORS INC · Filed Jun 15, 2020
Insider Transaction Report
Form 4
LOWENTHAL EDWARD
Director
Transactions
- Exercise/Conversion
OP Units
2020-06-11+4,169→ 4,169 total→ Common Stock (4,169 underlying) - Exercise/Conversion
Profit Interest Units
2020-06-11−4,169→ 0 total→ OP Units (4,169 underlying) - Award
Profit Interest Units
2020-06-11+4,630→ 4,630 total→ OP Units (4,630 underlying)
Footnotes (5)
- [F1]Represents Profits Interest Units ("Profits Units") in OHI Healthcare Properties Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner. Each Profits Unit can be converted into one unit of limited partnership interest (an "OP Unit") in the Operating Partnership following vesting and the satisfaction of certain tax-driven economic requirements. Profits Units were granted the reporting person on 6/7/2019.
- [F2]Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one share of Issuer common stock, or at the Issuer's election, one share of Issuer common stock, subject to adjustment as set forth in the partnership agreement. OP Units do not expire.
- [F3]100% of the reporting persons Profits Interest Units granted on 6/7/2019 vested and converted to OP Units on 6/11/2020.
- [F4]Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one share of Issuer common stock, or at the Issuer's election, one share of Issuer common stock, subject to adjustment as set forth in the partnership agreement. OP Units do not expire.
- [F5]100% of the reporting persons Profits Interest Units granted on 6/11/2020 will vest on the date of the Issuer's 2021 Annual Meeting of shareholders, subject to continued Board service.