4//SEC Filing
Gramercy Property Trust Inc. 4
Accession 0001144204-14-046833
CIK 0001287701operating
Filed
Aug 3, 8:00 PM ET
Accepted
Aug 4, 5:12 PM ET
Size
6.4 KB
Accession
0001144204-14-046833
Insider Transaction Report
Form 4
MATEY EDWARD J JR
EVP, General Counsel+Secretary
Transactions
- Award
LTIP Units
2014-07-31+15,754→ 15,754 total→ Common Stock (15,754 underlying)
Footnotes (3)
- [F1]Represents LTIP Units of GPT Property Trust LP ("GPT OP"), of which the Issuer is the general partner, earned (i.e., for which the performance-based hurdles have been met) pursuant to the Gramercy Property Trust Inc. 2012 Long-Term Outperformance Plan (the "Plan").
- [F2]Conditioned upon minimum allocations to the capital account of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in GPT OP (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.
- [F3]The LTIP Units earned pursuant to the Plan vest 50% on June 30, 2016 and 50% on June 30, 2017, subject to continued employment.
Documents
Issuer
Gramercy Property Trust Inc.
CIK 0001287701
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001287701
Filing Metadata
- Form type
- 4
- Filed
- Aug 3, 8:00 PM ET
- Accepted
- Aug 4, 5:12 PM ET
- Size
- 6.4 KB