4//SEC Filing
Wilson John F II 4
Accession 0001209191-07-001014
CIK 0001289236other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 9:59 PM ET
Size
12.8 KB
Accession
0001209191-07-001014
Insider Transaction Report
Form 4
Wilson John F II
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2006-12-28−24,000→ 30,445 total - Award
LTIP Units
2006-12-28+24,000→ 24,000 total→ Common Stock (24,000 underlying)
Holdings
- 378(indirect: By Spouse)
Common Stock
- 6,876(indirect: By Spouse)
Limited Partnership Units
From: 2005-08-11→ Common Stock (6,876 underlying) - 425,073
Limited Partnership Units
From: 2005-08-11→ Common Stock (425,073 underlying)
Footnotes (6)
- [F1]BioMed Realty Trust, Inc. (the "Company") granted to the reporting person shares of restricted stock pursuant to the Company?s 2004 Incentive Award Plan, as amended (the "Plan"). The reporting person is forfeiting part of the unvested portion of his awards of shares of restricted stock of the Company made pursuant to the Plan in exchange for an equal number of LTIP Units of BioMed Realty, L.P. (the "Operating Partnership").
- [F2]Limited Partnership Units in the Operating Partnership. Limited Partnership Units are redeemable for cash based upon the fair market value of an equivalent number of shares of the Company's Common Stock, or, at the election of the Company, shares of the Company's Common Stock on a 1-for-1 basis.
- [F3]The Limited Partnership Units have no expiration date.
- [F4]These profits interest units of the Operating Partnership were granted on December 28, 2006 in exchange for an equal number of shares of restricted stock that were granted originally pursuant to the Company?s 2004 Incentive Award Plan and that were forfeited in exchange for the LTIP Units. The LTIP Units are subject to time based restrictions.
- [F5]LTIP Units are subject to vesting 9,500 on January 1, 2007, 9,500 on January 1, 2008 and 5,000 on January 1, 2009. 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, vested LTIP Units convert to common units of the Operating Partnership and then may be redeemed for cash in an amount equal to the then fair value of an equal number of shares of common stock or converted into an equal number of shares of common stock, as determined by the Company.
- [F6]The LTIP Units do not have an expiration date.
Documents
Issuer
BioMed Realty Trust Inc
CIK 0001289236
Entity typeother
Related Parties
1- filerCIK 0001298784
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 9:59 PM ET
- Size
- 12.8 KB