Sullivan Gregory W 4
4 · STAG Industrial, Inc. · Filed Nov 20, 2012
Insider Transaction Report
Form 4
Sullivan Gregory W
CFO, EVP and Treasurer
Transactions
- Conversion
Common Stock
2012-11-19+18,954→ 99,549 total - Other
Partnership Units
2012-11-16+18,954→ 47,109 totalFrom: 2012-04-20→ Common Stock, par value $0.01 per share (18,954 underlying) - Conversion
Partnership Units
2012-11-19−18,954→ 28,155 totalFrom: 2012-04-20→ Common Stock, par value $0.01 per share (18,954 underlying)
Footnotes (5)
- [F1]The reporting person redeemed 18,954 common units of limited partnership interests ("OP Units") in STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation (the "Issuer"), is the sole member of the general partner. The OP Units are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The Issuer elected to redeem the reporting person's OP Units with common stock.
- [F2]This represents OP Units in the Operating Partnership. Beginning April 20, 2012, the OP Units are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis.
- [F3]The OP Units were distributed in accordance with the membership interest percentage owned by the reporting person in STAG Investments IV, LLC, a contributor to the Issuer's formation transactions.
- [F4]The OP Units are vested as of the date of issuance and have no expiration date.
- [F5]The OP Units were distributed in accordance with the membership interest percentage owned by the members of STAG Investments IV, LLC, irrespective of the price of the Issuer's common stock.