4//SEC Filing
LIBERTY PROPERTY TRUST 4
Accession 0001209191-14-021888
CIK 0000921112operating
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 4:51 PM ET
Size
15.4 KB
Accession
0001209191-14-021888
Insider Transaction Report
Form 4
FENZA ROBERT E
Exec. VP, COO
Transactions
- Award
Common Shares of Beneficial Interest ($0.001 par value)
2014-03-17+13,319→ 285,912 total - Tax Payment
Common Shares of Beneficial Interest ($0.001 par value)
2014-03-17$37.26/sh−4,189$156,082→ 281,723 total - Award
Common Shares of Beneficial Interest ($0.001 par value)
2014-03-17$37.26/sh+4,740$176,612→ 286,463 total - Award
Employee Stock Option (Right to Buy)
2014-03-17+44,231→ 44,231 totalExercise: $37.26Exp: 2024-03-17→ Common Shares (44,231 underlying)
Footnotes (6)
- [F1]Consists of 7,149, 2,154 and 1,918 common shares issuable pursuant to restricted share units granted in 2011, 2012 and 2013 respectively, as compensation, the performance conditions relating to which have been satisfied, as well as 2,098 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 1,315 shares reflecting shares received by the reporting person pursuant to the Company's Dividend Reinvestment Plan and Employee Stock Purchase Plan and added to the total number of shares held as corrections of de minimis calculation corrections on past grants.
- [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 2013, 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 17, 2014 ($37.26).
- [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 typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000921112
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 4:51 PM ET
- Size
- 15.4 KB