LIBERTY PROPERTY TRUST 4
4 · LIBERTY PROPERTY TRUST · Filed Mar 20, 2017
Insider Transaction Report
Form 4
Fala Herman C
General Counsel
Transactions
- Tax Payment
Common Shares of Beneficial Interest ($0.001 par value)
2017-03-17$38.53/sh−2,454$94,553→ 41,477 total - Tax Payment
Common Shares of Beneficial Interest ($0.001 par value)
2017-03-16$38.25/sh−548$20,961→ 43,931 total - Award
Common Shares of Beneficial Interest ($0.001 par value)
2017-03-16$38.25/sh+1,569$60,014→ 44,479 total
Footnotes (3)
- [F1]The stock acquired reflects the election by the reporting person to receive common shares in lieu of cash for all or part of annual performance bonus compensation for 2016, consistent with a policy adopted by the Trust's Compensation Committee with respect to employee annual performance bonus compensation. By making such election, the reporting person received shares equal to 120% of the cash value of such bonus or portion thereof, less applicable withholding tax (the "Bonus Value"). The reporting person received the number of common shares able to be purchased with the dollar amount of the Bonus Value based on the closing price per share of the common shares on March 16, 2017 ($38.25).
- [F2]Consists of shares withheld in payment of income taxes with respect to the common shares received in lieu of cash for all or part of annual performance bonus compensation for 2016.
- [F3]Consists of shares withheld in payment of income taxes upon the vesting of shares issued pursuant to awards the performance conditions relating to which have been satisfied, all of which such shares have been previously reported by the reporting person.