4//SEC Filing
Murray Andrew Grant 4
Accession 0001181431-09-021949
CIK 0001375083other
Filed
Apr 29, 8:00 PM ET
Accepted
Apr 30, 5:15 PM ET
Size
6.5 KB
Accession
0001181431-09-021949
Insider Transaction Report
Form 4
Murray Andrew Grant
Chief Financial Officer
Transactions
- Award
LTIP Units
2008-12-31+35,000→ 35,000 total→ Common Stock (35,000 underlying)
Footnotes (3)
- [F1]The long-term incentive plan units ("LTIP Units") of Meruelo Maddux Properties, L.P. (the "Operating Partnership") were granted to the reporting person on December 31, 2008 pursuant to the 2007 Equity Incentive Plan of Meruelo Maddux Properties, Inc. (the "Company").
- [F2]LTIP Units are subject to forfeiture over a two-year period. Upon the occurrence of certain "triggering events," the LTIP Units can over time achieve full parity with common units of the Operating Partnership for all purposes, and therefore accrete to an economic value equivalent to one share of common stock of the Company on a one-for-one basis. If such parity is reached, non-forfeitable LTIP Units may be converted into common units of the Operating Partnership and then may be converted into an equal number of common units or cash, at the option of the Operating Partnership.
- [F3]The LTIP Units do not have an expiration date.
Documents
Issuer
Meruelo Maddux Properties, Inc.
CIK 0001375083
Entity typeother
Related Parties
1- filerCIK 0001435682
Filing Metadata
- Form type
- 4
- Filed
- Apr 29, 8:00 PM ET
- Accepted
- Apr 30, 5:15 PM ET
- Size
- 6.5 KB