4//SEC Filing
Ruen Michael J 4
Accession 0001209191-18-016990
CIK 0001170991other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 8:43 PM ET
Size
6.7 KB
Accession
0001209191-18-016990
Insider Transaction Report
Form 4
Ruen Michael J
Managing Director
Transactions
- Other
LTIP Units
2018-02-27−20,000→ 126,773.75 total→ Common Stock (20,000 underlying)
Footnotes (2)
- [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]20,000 of the Reporting Person's LTIP Units in DCTOP were converted into Common OP Units and then were immediately redeemed by the Issuer for $55.36 per Common OP Unit, which was the trailing 10 trading day average stock price of the Issuer's Common Stock on the New York Stock Exchange on the transaction date.
Documents
Issuer
DCT Industrial Trust Inc.
CIK 0001170991
Entity typeother
Related Parties
1- filerCIK 0001378712
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 8:43 PM ET
- Size
- 6.7 KB