4//SEC Filing
KIERNAN ROBERT J 4
Accession 0001144204-19-012796
CIK 0001533615other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 5:04 PM ET
Size
11.4 KB
Accession
0001144204-19-012796
Insider Transaction Report
Form 4
KIERNAN ROBERT J
CFO and Treasurer
Transactions
- Award
LTIP Unit (Right to Buy)
2019-03-05+13,275→ 50,670 total→ Common Stock (13,275 underlying) - Award
LTIP Unit (Right to Buy)
2019-03-05+6,356→ 57,026 total→ Common Stock (6,356 underlying) - Award
LTIP Unit (Right to Buy)
2019-03-05+3,250→ 60,276 total→ Common Stock (3,250 underlying)
Footnotes (5)
- [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, 2019 that 50% of the LTIP Units vested and became nonforfeitable as a result of meeting certain market based performance criteria as of December 31, 2018 and 50% of the LTIP Units will vest on March 5, 2020, 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 the first anniversary of the grant date (so long as capital parity has been achieved) 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 99.3 to the Issuer's Current Report on Form 8-K filed on April 12, 2018.
- [F4]LTIP Units vest in equal one-third installments on March 5 of 2020, 2021 and 2022. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan and have no expiration date.
- [F5]50% of the LTIP Units vested at issuance and the remaining will vest on March 5, 2020 pursuant to the grant award agreement stipulations.
Documents
Issuer
Global Medical REIT Inc.
CIK 0001533615
Entity typeother
Related Parties
1- filerCIK 0001229248
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 5:04 PM ET
- Size
- 11.4 KB