Phelan Jeff 4
4 · DCT Industrial Trust Inc. · Filed Feb 25, 2013
Insider Transaction Report
Form 4
Phelan Jeff
Senior Vice President
Transactions
- Award
LTIP Units
2013-02-06+75,445→ 477,131 total→ Common Stock (75,445 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest in DCT Industrial Operating Partnership LP ("DCTOP"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's Multi-Year Outperformance Program. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in DCTOP ("Common OP Unit"). Each Common OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of Common Stock.
- [F2]50% of the LTIP Units vest immediately on the date of issuance, and the remaining 50% vest on December 31, 2013.