4//SEC Filing
SIMON PROPERTY GROUP INC /DE/ 4
Accession 0001179110-16-021530
$SPGCIK 0001063761operating
Filed
Mar 10, 7:00 PM ET
Accepted
Mar 11, 1:32 PM ET
Size
6.4 KB
Accession
0001179110-16-021530
Insider Transaction Report
Form 4
BARKLEY JAMES M
General Counsel
Transactions
- Award
LTIP Units
2016-03-01$0.25/sh+65,495$16,374→ 334,227 total→ Common Stock (65,495 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 29, 2013, the reporting person was awarded a maximum of 79,041 LTIP units, subject to certain performance conditions. On March 1, 2016, 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 82.9%, or 65,495, of the LTIP units becoming earned LTIP units. The earned LTIP units vest in two equal installments on January 1, 2017 and January 1, 2018 subject to a continued service requirement.
Documents
Issuer
SIMON PROPERTY GROUP INC /DE/
CIK 0001063761
Entity typeoperating
IncorporatedIN
Related Parties
1- filerCIK 0001063761
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 7:00 PM ET
- Accepted
- Mar 11, 1:32 PM ET
- Size
- 6.4 KB