4//SEC Filing
STAG Industrial, Inc. 4
Accession 0001179110-14-014502
$STAGCIK 0001479094operating
Filed
Sep 24, 8:00 PM ET
Accepted
Sep 25, 3:56 PM ET
Size
6.9 KB
Accession
0001179110-14-014502
Insider Transaction Report
Form 4
Arnone Kathryn
EVP and General Counsel
Transactions
- Award
LTIP Units
2014-09-23+50,855→ 151,493 total→ Common Stock, par value $0.01 per share (50,855 underlying)
Footnotes (3)
- [F1]These long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P. ("Operating Partnership") are fully vested as of date of grant. Over time, the LTIP Units can achieve full parity with the common units of limited partnership of the Operating Partnership ("OP Units") for all purposes. If such parity is reached, the 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 STAG Industrial, Inc. (the "Issuer") common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. LTIP Units do not have an expiration date.
- [F2]Pursuant to the terms of the Issuer's 2011 Outperformance Program (the "Program"), the LTIP Units referenced in this Form 4 were "earned" upon the achievement of performance hurdles as of September 19, 2014, subject to a determination by the Compensation Committee of the Board of Directors (the "Compensation Committee") of the Issuer that such hurdles were met. The determination that these performance hurdles were met was made by the Compensation Committee on September 23, 2014.
- [F3]Represents the number of LTIP Units earned as of September 23, 2014, based upon certain performance hurdles having been met by the Issuer and the percentage of the reporting person's interest in the outperformance pool established by the Issuer under the Program.
Documents
Issuer
STAG Industrial, Inc.
CIK 0001479094
Entity typeoperating
Related Parties
1- filerCIK 0001479094
Filing Metadata
- Form type
- 4
- Filed
- Sep 24, 8:00 PM ET
- Accepted
- Sep 25, 3:56 PM ET
- Size
- 6.9 KB