Murphy Matthew T 4
4 · DCT Industrial Trust Inc. · Filed Feb 21, 2018
Insider Transaction Report
Form 4
Murphy Matthew T
Senior Vice President
Transactions
- Conversion
LTIP Units
2018-02-16−18,000→ 134,508.25 total→ Common Stock (18,000 underlying) - Conversion
Common Stock
2018-02-16+18,000→ 20,029 total
Footnotes (2)
- [F1]18,000 of the Reporting Person's units of limited partnership interest ("LTIP Units") in DCT Industrial Operating Partnership LP ("DCTOP"), of which the Issuer is the sole general partner, were converted into common units of limited partnership interest in DCTOP ("Common OP Units") and then were immediately converted into an equal number of shares of the Issuer's Common Stock.
- [F2]Represents LTIP Units in DCTOP, 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 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.