PENNSYLVANIA REAL ESTATE INVESTMENT TRUST 4
4 · PENNSYLVANIA REAL ESTATE INVESTMENT TRUST · Filed Jul 29, 2013
Insider Transaction Report
Form 4
RUBIN GEORGE F
DirectorVice Chairman
Transactions
- Other
Units of Class A Limited Partnership Interest
2013-06-07+100,000→ 337,567 total→ Shares of beneficial interest, par value $1.00 per share (100,000 underlying) - Other
Units of Class A Limited Partnership Interest
2013-06-07−100,000→ 69,789 total(indirect: By GRAT)→ Shares of beneficial interest, par value $1.00 per share (100,000 underlying) - Other
Units of Class A Limited Partnership Interest
2013-07-25+69,789→ 407,356 total→ Shares of beneficial interest, par value $1.00 per share (69,789 underlying) - Other
Units of Class A Limited Partnership Interest
2013-07-25−69,789→ 0 total(indirect: By GRAT)→ Shares of beneficial interest, par value $1.00 per share (69,789 underlying)
Holdings
- 86,934(indirect: By Trust)
Units of Class A Limited Partnership Interest
→ Shares of beneficial interest, par value $1.00 per share (86,934 underlying)
Footnotes (5)
- [F1]The derivative securities are units of Class A Limited Partnership Interest (the "Units") in PREIT Associates, L.P., the operating partnership of the issuer. The Units held by the reporting person are generally redeemable one year after the date of issuance, in all cases in consideration for cash equal to the contemporaneous market price of shares of beneficial interest in the issuer or, at the election of the issuer, for a like number of shares of beneficial interest in the issuer, without payment of any conversion or exercise price. The Units are currently redeemable, but have not been redeemed. The Units have no expiration date.
- [F2]This transaction involved an annuity distribution of 100,000 Units from a Grantor Retained Annuity Trust ("GRAT") for the benefit of the reporting person to the reporting person.
- [F3]The holder of these securities is a GRAT of which the reporting person is the trustee and beneficiary.
- [F4]This transaction involved a distribution of 69,789 Units from the GRAT for the benefit of the reporting person to the reporting person.
- [F5]These shares are held by the Non-QTIP Marital Trust U/W of Richard I. Rubin, a trust of which the reporting person is a trustee and a beneficiary. Mr. Rubin disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.