4//SEC Filing
DCT Industrial Trust Inc. 4
Accession 0001209191-17-038110
CIK 0001170991operating
Filed
Jun 5, 8:00 PM ET
Accepted
Jun 6, 4:13 PM ET
Size
12.0 KB
Accession
0001209191-17-038110
Insider Transaction Report
Form 4
Ruen Michael J
Managing Director
Transactions
- Exercise/Conversion
Common Stock
2017-06-02$34.56/sh+35,156$1,214,991→ 57,438 total - Tax Payment
Common Stock
2017-06-02$53.77/sh−26,784$1,440,176→ 30,654 total - Exercise/Conversion
Stock Options
2017-06-02−35,156→ 0 totalExercise: $34.56Exp: 2018-02-11→ Common Stock (35,156 underlying) - Other
LTIP Units
2017-06-02$53.77/sh−17,000$914,090→ 136,710.75 total→ Common Stock (17,000 underlying)
Footnotes (3)
- [F1]The Options were granted under the Issuer's Long-Term Incentive Plan. The Options vested over four years: 25% on January 1, 2009, and 25% on each of January 1, 2010, 2011 and 2012.
- [F2]Represents units of limited partnership interest ("LTIP Units")in DCT Industrial Operating Partnership LP "(DCTOP"), of which the Issuer is the general partner, 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 unit of limited partnership interest in DCTOP ("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.
- [F3]17,000 of the Reporting Person's LTIP Units in DCTOP were converted into Common OP Units and then were immediately redeemed by the Issuer for cash.
Documents
Issuer
DCT Industrial Trust Inc.
CIK 0001170991
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001170991
Filing Metadata
- Form type
- 4
- Filed
- Jun 5, 8:00 PM ET
- Accepted
- Jun 6, 4:13 PM ET
- Size
- 12.0 KB