4//SEC Filing
DCT Industrial Trust Inc. 4
Accession 0001209191-16-120004
CIK 0001170991operating
Filed
May 12, 8:00 PM ET
Accepted
May 13, 5:10 PM ET
Size
10.1 KB
Accession
0001209191-16-120004
Insider Transaction Report
Form 4
Doyle Neil
Managing Director
Transactions
- Sale
Common Stock
2016-05-13$42.52/sh−15,000$637,800→ 0 total - Conversion
LTIP Units
2016-05-11−15,000→ 49,709.5 total→ Common Stock (15,000 underlying) - Conversion
Common Stock
2016-05-11+15,000→ 15,000 total
Footnotes (3)
- [F1]15,000 of the Reporting Person's units of limited partnership interest ("LTIP Units") in DCT Industrial Operating Partnership LP ("DCTOP"), of which the Issuer is the sole general partner, were converted into common units of limited partnership interest in DCTOP ("Common OP Units") and then were immediately converted into an equal number of shares of the Issuer's Common Stock.
- [F2]The price reported represents the weighted average sale price of the shares sold. The prices of the shares sold in the transaction ranged from $42.40 to $42.55. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- [F3]Represents LTIP Units in DCTOP issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a Common OP Unit. Each Common OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of Common Stock.
Documents
Issuer
DCT Industrial Trust Inc.
CIK 0001170991
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001170991
Filing Metadata
- Form type
- 4
- Filed
- May 12, 8:00 PM ET
- Accepted
- May 13, 5:10 PM ET
- Size
- 10.1 KB