WALLACE TIMOTHY G 4
4 · Community Healthcare Trust Inc · Filed Jan 17, 2018
Insider Transaction Report
Form 4
WALLACE TIMOTHY G
DirectorChairman, CEO & President
Transactions
- Award
Common Stock
2018-01-16$26.99/sh+33,953$916,391→ 617,175 total
Footnotes (2)
- [F1]For 2018, the reporting person agreed to take 100% of his salary in shares of restricted stock with an eight-year restriction period. Because the reporting person elected to take his base salary for 2018 in shares of restricted stock, the Company awarded Mr. Wallace additional compensation, in restricted stock, equal to his annual salary. The price of the securities acquired by the reporting person is based on the average price of the Company's common stock for the 10 trading days immediately preceding January 16, 2018, which was $26.99. The number of securities issued is equal to the total salary, including the additional compensation, divided by such price.
- [F2]Includes 120,000 shares previously held by Athena Funding Partners, LLC ("AFP") of which Mr. Wallace owns 99% of the outstanding membership interests. On January 16, 2018, 120,000 shares of the issuer were transferred from AFP into Mr. Wallace's name.