4//SEC Filing
New York REIT, Inc. 4
Accession 0001144204-16-141599
CIK 0001474464operating
Filed
Dec 27, 7:00 PM ET
Accepted
Dec 28, 5:15 PM ET
Size
8.0 KB
Accession
0001144204-16-141599
Insider Transaction Report
Form 4
Happel Michael A.
EVP and CIO
Transactions
- Conversion
LTIP Units
2016-12-26−229,714→ 826,347 total→ Common Stock (229,714 underlying) - Conversion
Common Stock
2016-12-26+229,714→ 1,099,061 total
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 229,714 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 July 13, 2016.
- [F2]Includes 826,347 shares issuable in exchange for OP Units. OP Units 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 (e.g., LTIP Units) and have no expiration date.
Documents
Issuer
New York REIT, Inc.
CIK 0001474464
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001474464
Filing Metadata
- Form type
- 4
- Filed
- Dec 27, 7:00 PM ET
- Accepted
- Dec 28, 5:15 PM ET
- Size
- 8.0 KB