4//SEC Filing
Khan Adeel 4
Accession 0001209191-19-061224
CIK 0001571283other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 8:49 PM ET
Size
7.3 KB
Accession
0001209191-19-061224
Insider Transaction Report
Form 4
Khan Adeel
Chief Financial Officer
Transactions
- Award
LTIP Units
2019-12-16+21,862→ 93,950 total→ Common Stock, par value $0.01 (21,862 underlying)
Footnotes (3)
- [F1]LTIP Units are a class of limited partnership units in Rexford Industrial Realty, L.P., the operating partnership of the Issuer (the "Operating Partnership"). Initially, the LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("OP Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock ("Shares") or for the cash value of such Shares, at the Issuer's election.
- [F2](Continued from Footnote 1) The LTIP Units issued pursuant to the Amended Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan will vest 1/3 in equal installments on December 16 of 2020, 2021 and 2022, subject to earlier vesting upon certain terminations of the Reporting Person's employment or a change of control of the Issuer, in each case as described in the award agreement.
- [F3]The Reporting Person also owns the following: (i) 5,460 shares of the Issuer's 5.875% Series A Cumulative Redeemable Preferred Stock and (ii) 2,250 shares of the Issuer's 5.875% Series B Cumulative Redeemable Preferred Stock.
Documents
Issuer
Rexford Industrial Realty, Inc.
CIK 0001571283
Entity typeother
Related Parties
1- filerCIK 0001581343
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 8:49 PM ET
- Size
- 7.3 KB