4//SEC Filing
American Realty Capital Properties, Inc. 4
Accession 0001144204-14-059453
CIK 0001507385operating
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 11:43 AM ET
Size
10.9 KB
Accession
0001144204-14-059453
Insider Transaction Report
Form 4
KAY DAVID S
President
Transactions
- Award
Common Stock
2014-10-01$12.06/sh+331,675$4,000,001→ 762,828 total - Award
Common Stock
2014-10-01$12.06/sh+165,838$2,000,006→ 431,153 total - Other
LTIPs
2014-10-01+1,754,236→ 2,631,354 totalExercise: $0.00→ Common Stock
Holdings
- 7,500
Series F Cumulative Redeemable Preferred Stock
Footnotes (6)
- [F1]Fully-vested shares of common stock issued pursuant to the Issuer's Equity Plan.
- [F2]In accordance with Mr. Kay's Employment Agreement, dated as of October 1, 2014, the price reflects a per share value of $12.06, the closing price of the Issuer's common stock as listed on the NASDAQ Global Select Market on September 30, 2014.
- [F3]Restricted shares of common stock issued pursuant to the Issuer's Equity Plan that will vest in four equal installments on each of the first, second, third and fourth anniversaries of the grant date, October 1, 2014.
- [F4]Award of long-term incentive plan units ("LTIPs") granted under the Issuer's 2014 Multi-Year Outperformance Plan (the "OPP") that Mr. Kay may earn based on the Issuer's level of achievement of the performance metrics set forth under the OPP. Pursuant to the terms and conditions of the OPP, subject to Mr. Kay's continued service through each vesting date, LTIPs earned under the OPP will vest in three equal installments on October 1, 2016, October 1, 2017 and October 1, 2018.
- [F5]Operating Partnership Units ("OP Units"), which underlie each LTIP and into which the LTIPs are convertible after being earned and vested, are exchangeable for cash or, at the option of the Issuer's operating partnership, shares of the Issuer's common stock on a one-to-one basis. OP Units are exchangeable, except under certain limited circumstances, beginning one year from the date of issuance, which includes the holding period of any units that were converted into OP Units (such as these LTIPs) and may be converted with no expiration date.
- [F6]Inclusive of 877,118 LTIPs previously issued to Mr. Kay, as reported on his Form 4 dated January 10, 2014.
Documents
Issuer
American Realty Capital Properties, Inc.
CIK 0001507385
Entity typeoperating
Related Parties
1- filerCIK 0001507385
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 11:43 AM ET
- Size
- 10.9 KB