DCT Industrial Trust Inc. 4
4 · DCT Industrial Trust Inc. · Filed Feb 24, 2014
Insider Transaction Report
Form 4
Phelan Jeff
Senior Vice President
Transactions
- Award
LTIP Units
2014-02-20+75,680→ 625,606 total→ Common Stock (75,680 underlying)
Holdings
- 119,513
Common Stock
Footnotes (3)
- [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 equity based compensatory programs. 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]The 75,680 LTIP Units vest over four years: 25% on January 1, 2015 and 25% each January 1st thereafter.
- [F3]Previously, the Reporting Person filed a Form 4 which incorrectly reported the Amount of Securities Beneficially Owned Following Reported Transactions on February 13, 2014. This prior report reflected a total amount of Securities Beneficially Owned Following Reported Transactions that was 141 shares of Common Stock less than the actual amount of Securities Beneficially Owned Following Reported Transactions.