City Office REIT, Inc. 4
4 · City Office REIT, Inc. · Filed Apr 21, 2016
Insider Transaction Report
Form 4
BELZBERG SAMUEL
Director10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2016-04-21−78,760→ 80,778.62 total→ Common Stock (78,760 underlying) - Award
Restricted Stock Units
2016-04-19+3,281.57→ 159,538.62 total→ Common Stock (3,281.57 underlying) - Exercise/Conversion
Common Stock
2016-04-21+78,760→ 207,491 total
Holdings
- 11,520(indirect: Through Gibralt US, Inc.)
Common Stock
- 170,960(indirect: Through Gibralt Capital Corporation)
Common Stock
Footnotes (5)
- [F1]In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
- [F2]The Reporting Person disclaims beneficial ownership of these securities as this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for the purposes of Section 16 or any other purpose.
- [F3]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 service 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.
- [F4]Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.
- [F5]The restricted stock units reported herein have vested and converted to common shares as at April 21, 2016.