4//SEC Filing
FENZA ROBERT E 4
Accession 0001209191-13-017726
CIK 0000921112other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 4:15 PM ET
Size
15.2 KB
Accession
0001209191-13-017726
Insider Transaction Report
Form 4
FENZA ROBERT E
Exec. VP, COO
Transactions
- Tax Payment
Common Shares of Beneficial Interest ($0.001 par value)
2013-03-18$39.59/sh−3,735$147,869→ 281,167 total - Award
Common Shares of Beneficial Interest ($0.001 par value)
2013-03-18$39.59/sh+1,736$68,728→ 282,903 total - Award
Employee Stock Option (Right to Buy)
2013-03-18+26,108→ 26,108 totalExercise: $39.59Exp: 2023-03-18→ Common Shares (26,108 underlying) - Award
Common Shares of Beneficial Interest ($0.001 par value)
2013-03-18+11,128→ 284,902 total
Footnotes (6)
- [F1]Consists of 5,813, 1,800 and 1,795 common shares issuable pursuant to restricted share units granted in 2010, 2011 and 2012 respectively, as compensation, the performance conditions relating to which have been satisfied, as well as 1,720 shares that accrued under the Company's Dividend Reinvestment Plan with respect to those restricted share units as to which the performance conditions have been satisfied.
- [F2]Received as employment compensation.
- [F3]Includes 700 shares held by reporting person as custodian for reporting person's children. This reporting person disclaims beneficial ownership of these shares. Includes 195,043 common shares issuable upon exchange of limited partnership interests of Liberty Property Limited Partnership.
- [F4]Also includes 2,719 shares reflecting shares received by the reporting person pursuant to the Company's Employee Stock Purchase Plan.
- [F5]The stock acquired reflects the election by the reporting person to receive common shares in lieu of cash for all or part of annual performance bonus compensation for 2012, consistent with a policy adopted by the Trust's Compensation Committee with respect to employee annual performance bonus compensation. By making such election, the reporting person received shares equal to 120% of the cash value of such bonus or portion thereof, less applicable withholding tax (the "Bonus Value"). The reporting person received the number of common shares able to be purchased with the dollar amount of the Bonus Value based on the closing price per share of the common shares on March 18, 2013 ($39.59).
- [F6]Options granted are exercisable 20% after the first anniversary of the date of grant, 50% after the second anniversary and fully after the third anniversary.
Issuer
LIBERTY PROPERTY TRUST
CIK 0000921112
Entity typeother
Related Parties
1- filerCIK 0001248368
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 4:15 PM ET
- Size
- 15.2 KB