4//SEC Filing
American Residential Properties, Inc. 4
Accession 0001209191-13-030286
CIK 0001548981operating
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 6:40 PM ET
Size
8.5 KB
Accession
0001209191-13-030286
Insider Transaction Report
Form 4
Koumriqian Shant
CFO and Treasurer
Transactions
- Award
Common Stock, $0.01 par value per share
2013-05-30+30,952→ 43,452 total - Award
LTIP Units
2013-05-30+21,429→ 26,429 total→ Common Stock (21,429 underlying)
Footnotes (3)
- [F1]Pursuant to his employment agreement with the Issuer, in connection with the Issuer's initial public offering of its shares of common stock, $0.01 par value per share ("Common Stock"), the reporting person was awarded $1.1 million in the form of, at the reporting person's election, restricted shares of Common Stock or LTIP Units, based on the $21.00 initial price to public of Common Stock. The aggregate number of shares of Common Stock and LTIP Units is 52,381.
- [F2]Represents restricted shares of Common Stock of the Issuer. The 30,952 shares will vest ratably and become nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on May 30, 2014, 2015 and 2016.
- [F3]Represents restricted units of limited partnership interest ("LTIP Units") in American Residential Properties OP, L.P. (the "OP"), the operating partnership of the Issuer. As described in the partnership agreement, vested LTIP Units, after achieving parity with Common Units of the OP, may be exchanged at any time for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. The 21,429 LTIP Units will vest ratably and become nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on May 30, 2014, 2015 and 2016. The LTIP Units were issued pursuant to the Issuer's 2012 Equity Incentive Plan and have no expiration date.
Documents
Issuer
American Residential Properties, Inc.
CIK 0001548981
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001548981
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 6:40 PM ET
- Size
- 8.5 KB