4//SEC Filing
Empire State Realty Trust, Inc. 4
Accession 0001209191-16-146727
$ESRTCIK 0001541401operating
Filed
Oct 23, 8:00 PM ET
Accepted
Oct 24, 4:03 PM ET
Size
10.8 KB
Accession
0001209191-16-146727
Insider Transaction Report
Form 4
KARP DAVID A
See Remarks
Transactions
- Award
LTIP Units
2016-10-21+22,019→ 22,019 total→ Class A Common Stock (22,019 underlying)
Footnotes (2)
- [F1]Represents long term investment plan units ("LTIP Units"), a class of units of Empire State Realty OP, L.P. (the "Operating Partnership"). The LTIP Units are convertible by the reporting person, upon vesting, into an equivalent number of units of limited partnership interests ("Operating Partnership Units") of the Operating Partnership, which are redeemable by the holder for shares of Class A Common Stock of Empire State Realty Trust, Inc. (the "Issuer") on a one-for-one basis or the cash value of such shares, at the Issuer's option. The rights to convert LTIP units into Operating Partnership Units and redeem Operating Partnership Units do not have expiration dates.
- [F2]These LTIP Units were earned based on the achievement of certain performance criteria based on the Issuer's total return to shareholders and the Issuer's relative total return to shareholders during a three-year performance period which ended on October 2, 2016. 50% of such earned LTIP units are fully vested (the applicable service requirement through the three-year anniversary of the grant date having been satisfied) and the remaining 50% of such earned LTIP units will vest on October 7, 2017 (the four-year anniversary of the grant date), subject to continued employment.
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001541401
Filing Metadata
- Form type
- 4
- Filed
- Oct 23, 8:00 PM ET
- Accepted
- Oct 24, 4:03 PM ET
- Size
- 10.8 KB