City Office REIT, Inc. 4
4 · City Office REIT, Inc. · Filed Jul 21, 2015
Insider Transaction Report
Form 4
BELZBERG SAMUEL
Director10% Owner
Transactions
- Award
Restricted Stock Units
2015-07-17+2,772.36→ 148,586.62 total→ Common Stock (2,772.36 underlying)
Footnotes (3)
- [F1]Restricted Stock Units convert into common stock on a one-for-one basis.
- [F2]The units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest in three substantially equal installments on each of the first three annual anniversaries of the initial Grant Date, generally subject to the Participant's continued employment with the Advisor through each applicable vesting date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.
- [F3]Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.