Corral Teresa 4
4 · DCT Industrial Trust Inc. · Filed Aug 16, 2017
Insider Transaction Report
Form 4
Corral Teresa
Executive Vice President
Transactions
- Other
LTIP Units
2017-08-14−4,000→ 66,952.25 total→ Common Stock (4,000 underlying)
Footnotes (3)
- [F1]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.
- [F2]4,000 of the Reporting Person's LTIP Units in DCTOP were converted into Common OP Units and then were immediately redeemed by the Issuer for $57.60 per Common OP Unit, which was the closing price of the Issuer's Common Stock on the New York Stock Exchange on the transaction date.
- [F3]The Reporting Person disclaims beneficial ownership with respect to the LTIP Units, except to the extent of her pecuniary interest therein.