4//SEC Filing
New York REIT, Inc. 4
Accession 0001144204-15-040973
CIK 0001474464operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 9:55 PM ET
Size
7.9 KB
Accession
0001144204-15-040973
Insider Transaction Report
Form 4
Happel Michael A.
EVP and CIO
Transactions
- Other
LTIPs
2015-06-30+73,412→ 73,412 totalExercise: $0.00→ Common Stock (73,412 underlying)
Holdings
- 43,000
Common Stock
Footnotes (4)
- [F1]Under the Multi-Year Outperformance Agreement, New York Recovery Advisors, LLC (the "Advisor") is eligible to earn performance-based bonus awards in the form of LTIP Units with a maximum value on the issuance date equal to 5% of the issuer's market capitalization on April 15, 2014. Subject to Advisor's continued service through each vesting date, LTIP Units will vest 1/3 on each of April 15, 2017, April 15, 2018 and April 15, 2019. Any earned and vested LTIP Units may be converted into OP Units in accordance with the terms and conditions of the partnership agreement of the issuer's operating partnership.
- [F2]OP Units are exchangeable for cash or, at the option of the Operating Partnership, shares of the Company'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 (e.g., LTIP Units) and have no expiration date.
- [F3]The Advisor, which previously owned the reported securities, is controlled by American Realty Capital III, LLC ("ARC III"). The reporting person directly or indirectly owns equity interests of ARC III. On June 30, 2015, the Advisor subsequently distributed the earned LTIPs pro rata to the ultimate members of ARC III. As a result, the reporting person received 73,412 LTIP Units and now owns the LTIP Units directly.
- [F4]The reporting person previously reported an additional 20,000 shares as held by the Advisor. The shares have subsequently been distributed to owners of the Advisor and the reporting person no longer is deemed to indirectly own the shares. The reporting person owns 43,000 shares directly.
Documents
Issuer
New York REIT, Inc.
CIK 0001474464
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001474464
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 9:55 PM ET
- Size
- 7.9 KB