Webb Allen 4
4 · Global Medical REIT Inc. · Filed Mar 7, 2018
Insider Transaction Report
Form 4
Webb Allen
SVP
Transactions
- Award
LTIP Unit (Right to Buy)
2018-03-05+7,961→ 33,391 total→ Common Stock (7,961 underlying) - Award
LTIP Unit (Right to Buy)
2018-03-05+7,196→ 40,587 total→ Common Stock (7,196 underlying)
Footnotes (4)
- [F1]Represents units of limited partnership interest ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of the Issuer. The Issuer's Board of Directors determined on March 5, 2018 that 50% of the LTIP Units vested and became nonforfeitable as a result of meeting certain market based performance criteria as of December 31, 2017 and 50% of the LTIP Units will vest on December 31, 2018, pursuant to the grant award agreement stipulations. The performance-based LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan and have no expiration date.
- [F2]As described in the OP's partnership agreement, vested LTIP Units may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
- [F3]Awarded pursuant to an LTIP Unit performance-based vesting agreement, the form of which was filed as Exhibit 99.1 to the Issuer's Current Report on Form 8-K filed on March 6, 2017.
- [F4]LTIP Units vest in equal one-third installments on March 5 of 2019, 2020 and 2021. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan and have no expiration date.