4//SEC Filing
KARP DAVID A 4
Accession 0001209191-19-020956
CIK 0001541401other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 12:51 PM ET
Size
12.0 KB
Accession
0001209191-19-020956
Insider Transaction Report
Form 4
KARP DAVID A
See Remarks
Transactions
- Other
LTIP Units
2019-03-20−45,630→ 0 total→ Class A Common Stock (45,630 underlying) - Award
LTIP Units
2019-03-20+12,390→ 277,956 total→ Class A Common Stock (12,390 underlying) - Award
LTIP Units
2019-03-20+57,242→ 335,198 total→ Class A Common Stock (57,242 underlying)
Footnotes (5)
- [F1]These represent long term incentive plan units ("LTIP Units"), a class of units of Empire State Realty OP, L.P. (the "Operating Partnership"). Conditioned upon sufficient allocations to the capital accounts of the LTIP Units for federal income tax purposes, LTIP Units are convertible by the reporting person, upon vesting, into an equivalent number of units of limited partnership interests ("Operating Partnership Units") of the Operating Partnership, which are redeemable by the holder for shares of Class A Common Stock of Empire State Realty Trust, Inc. (the "Issuer") on a one-for-one basis or the cash value of such shares, at the Issuer's option. The rights to convert LTIP units into Operating Partnership Units and redeem Operating Partnership Units do not have expiration dates.
- [F2]These LTIP Units were granted on February 29, 2016 and were scheduled to vest based on the achievement of certain performance criteria relating to the Issuer's total return to the shareholders during a three-year performance period ending December 31, 2018. These units were forfeited due to failure to satisfy such performance criteria as of December 31, 2018.
- [F3]These represent fully vested LTIP Units issued, pursuant to the Issuer's First Amended and Restated Empire State Realty Trust, Inc. Empire State Realty OP, L.P. 2013 Equity Incentive Plan (as amended and restated as of April 4, 2016), in connection with an annual incentive bonus compensation election made by the reporting person
- [F4]Each of the LTIP Units is subject to a holding period for an additional two years following the applicable vesting date of such LTIP Unit.
- [F5]These LTIP Units vest 25% ratably on each of the first four anniversaries of January 1, 2019, subject to continued employment through such dates.
Documents
Issuer
Empire State Realty Trust, Inc.
CIK 0001541401
Entity typeother
Related Parties
1- filerCIK 0001273446
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 12:51 PM ET
- Size
- 12.0 KB