New York REIT, Inc. 4
4 · New York REIT, Inc. · Filed Dec 28, 2016
Insider Transaction Report
Form 4
KAHANE WILLIAM M
Director
Transactions
- Conversion
Common Stock
2016-12-26+124,198→ 148,198 total - Conversion
LTIP Units
2016-12-26−124,198→ 0 total→ Common Stock (124,198 underlying)
Footnotes (2)
- [F1]On December 26, 2016, as part of the arrangements providing for the transition of advisory services from the Issuer's advisor to the Issuer's service provider, the reporting person's issued and outstanding earned and unvested Long Term Incentive Plan Units ("LTIP Units") vested automatically. As a result, on December 26, 2016, the reporting person redeemed 124,198 LTIP Units in exchange for an equal number of shares of common stock. Terms of the LTIP Units were previously reported and described on the reporting person's Form 4 filed on April 17, 2014.
- [F2]Includes 24,000 shares of common stock issued pursuant to New York REIT, Inc.'s (the "Company") Restricted Share Plan. Restricted shares vest over a five-year period beginning on April 15, 2015 in increments of 20% per annum.