4//SEC Filing
Corral Teresa 4
Accession 0001209191-18-011265
CIK 0001170991other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 4:09 PM ET
Size
6.8 KB
Accession
0001209191-18-011265
Insider Transaction Report
Form 4
Corral Teresa
Executive Vice President
Transactions
- Award
LTIP Units
2018-02-15+6,100→ 39,341.75 total→ Common Stock (6,100 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]The LTIP Units vest over four years: 25% on February 1, 2019, and 25% on each February 1st thereafter.
- [F3]On September 1, 2017, 33,710.50 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. This transaction was exempted from Section 16 by Rule 16a-12.
Documents
Issuer
DCT Industrial Trust Inc.
CIK 0001170991
Entity typeother
Related Parties
1- filerCIK 0001517842
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 4:09 PM ET
- Size
- 6.8 KB