American Realty Capital Properties, Inc. 4
4 · American Realty Capital Properties, Inc. · Filed Apr 2, 2015
Insider Transaction Report
Form 4
SODO MICHAEL
Chief Financial Officer
Transactions
- Award
Common Stock
2015-04-01$9.05/sh+35,912$325,004→ 84,578 total - Award
Common Stock
2015-04-01$9.05/sh+35,912$325,004→ 48,666 total
Footnotes (3)
- [F1]Performance-based restricted stock units granted April 1, 2015 to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units will vest in three equal installments on each of the first, second and third anniversaries of October 29, 2014 (the "Commencement Date"), the commencement date of Mr. Sodo's tenure as Executive Vice President, Chief Financial Officer and Treasurer, subject to the achievement of the Performance Condition. The Performance Condition requires that the closing price of the Issuer's common stock on the NASDAQ Global Select Market must be $10.00 per share or more for 20 consecutive trading days at any time from the date of grant through December 31, 2017. The restricted stock units will not vest on the three anniversaries of the Commencement Date unless the Performance Condition is met.
- [F2]Reflects the closing sale price as reported on the NASDAQ Global Select Market on December 31, 2014.
- [F3]Reflects restricted stock units granted April 1, 2015 to the Reporting Person pursuant to the Issuer's Equity Plan. These restricted stock units vest in three equal installments on each of the first, second and third anniversaries of the Commencement Date.