LANGE EDWARD F JR 4
4 · STAG Industrial, Inc. · Filed Apr 22, 2011
Insider Transaction Report
Form 4
LANGE EDWARD F JR
Director
Transactions
- Award
LTIP Units
2011-04-20+8,279→ 8,279 total→ Common Stock, par value $0.01 per share (8,279 underlying)
Footnotes (2)
- [F1]The long-term incentive plan units of STAG Industrial Operating Partnership, L.P. ("LTIP Units") were granted to the reporting person on April 20, 2011 pursuant to the 2011 Equity Incentive Plan of STAG Industrial, Inc. (the "Issuer").
- [F2]LTIP Units are subject to forfeiture over a five-year period. Over time, the LTIP Units can achieve full parity with the common units of limited partnership of STAG Industrial Operating Partnership, L.P. ("OP Units") for all purposes. If such parity is reached, non-forfeitable LTIP Units may be converted into OP Units and then may be redeemed for cash equal to the then current-market value of one share of the Issuer's common stock or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. The LTIP Units do not have an expiration date.