4//SEC Filing
BARKLEY JAMES M 4
Accession 0001179110-12-004492
CIK 0001063761other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 10:53 AM ET
Size
6.5 KB
Accession
0001179110-12-004492
Insider Transaction Report
Form 4
BARKLEY JAMES M
General Counsel
Transactions
- Award
LTIP Units
2012-03-05$0.25/sh+51,165$12,791→ 69,783 total→ Common Stock (51,165 underlying)
Footnotes (2)
- [F1]Represents long-term incentive performance ("LTIP") units of Simon Property Group, L.P. (the "Operating Partnership"), of which Simon Property Group, Inc. (the "Company") is the general partner, issued as long-term incentive compensation pursuant to the Operating Partnership's 1998 Stock Incentive Plan in compliance with Rule 16b-3. When earned and vested, each LTIP unit may be converted into a unit of limited partnership interest ("Partnership Unit"). Each Partnership Unit may be exchanged for a share of the Company's common stock, or cash, as selected by the Company.
- [F2]On March 16, 2010, the reporting person was awarded a maximum of 51,165 LTIP units, subject to certain performance conditions. On March 5, 2012, the Compensation Committee of the Board of Directors of the Company determined that the extent to which the performance measures had been achieved during the performance period resulted in 100%, or 51,165, of the LTIP units becoming earned LTIP units. The earned LTIP units vest in two equal installments on January 1, 2013 and January 1, 2014 subject to a continued service requirement.
Documents
Issuer
SIMON PROPERTY GROUP INC /DE/
CIK 0001063761
Entity typeother
Related Parties
1- filerCIK 0001235738
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 10:53 AM ET
- Size
- 6.5 KB