New York REIT, Inc. 4
4 · New York REIT, Inc. · Filed Mar 3, 2017
Insider Transaction Report
Form 4
Radesca Nicholas
Chief Financial Officer
Transactions
- Conversion
Common Stock
2016-05-02+13,501→ 52,225 total - Conversion
OP Units
2016-05-02−13,501→ 0 total→ Common Stock (13,501 underlying)
Footnotes (3)
- [F1]On May 2, 2016, the reporting person redeemed 13,501 units of limited partnership interest ("OP Units") in New York Recovery Operating Partnership, L.P. (the "Operating Partnership") in exchange for 13,501 shares of common stock of New York REIT, Inc. (the "Company") in accordance with the terms and conditions of the limited partnership agreement of the Operating Partnership.
- [F2]Represents number of shares of the Company's common stock beneficially owned by the reporting person on May 2, 2016 following the reported transaction. As of March 2, 2017, the reporting person beneficially owned 76,395 shares of the Company's common stock.
- [F3]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, and have no expiration date.