Brixmor Property Group Inc. 4
4 · Brixmor Property Group Inc. · Filed Feb 25, 2015
Insider Transaction Report
Form 4
Carroll Michael A
DirectorChief Executive Officer
Transactions
- Award
LTIP Units
2015-02-24+35,664→ 35,664 total→ Common Stock (35,664 underlying)
Footnotes (3)
- [F1]Upon satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and the expiration of a two year restricted period from the date of grant, each LTIP Unit may be converted, at the election of the holder, into a common unit of Brixmor Operating Partnership LP. The common units of Brixmor Operating Partnership LP are redeemable for cash or, at the option of the Issuer, exchangeable for shares of common stock of the Issuer, on a one-for-one basis.
- [F2]The date of the transaction represents the date on which certain performance criteria of a previously granted LTIP award were determined to have been satisfied.
- [F3]Represents the number of LTIP Units determined to have been earned based upon certain performance criteria, including dividend equivalent units deemed earned through the date such performance criteria were deemed satisfied, in respect of a grant on March 18, 2014. Of the number of LTIP Units reported, 50% are vested and 50% are subject to additional time-based vesting criteria, and will vest on January 1, 2016, subject to the continued employment of the reporting person through that date.