PLAVIN STEPHEN D 4
4 · OMEGA HEALTHCARE INVESTORS INC · Filed Jun 9, 2021
Insider Transaction Report
Form 4
PLAVIN STEPHEN D
Director
Transactions
- Award
Profit Interest Units
2021-06-07+3,969→ 3,969 total→ OP Units (3,969 underlying)
Footnotes (4)
- [F1]Represents grant of 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 represents a contingent right to receive one unit of limited partnership interest (an "OP Unit") in the Operating Partnership upon vesting and the satisfaction of certain tax-driven economic requirements.
- [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]Represents the annual grant of stock the reporting person elected to receive as Profits Interest Units.
- [F4]100% of the reporting person's Profits Interest Units granted on 6/7/2021 will vest on the date of the Issuer's 2022 Annual Meeting of Shareholders, subject to continued Board Service.