SHRAIBERG STEPHEN B 4
4 · City Office REIT, Inc. · Filed Mar 25, 2020
Insider Transaction Report
Form 4
SHRAIBERG STEPHEN B
Director
Transactions
- Purchase
Common Stock
2020-03-17$8.01/sh+10,000$80,078→ 96,711 total - Exercise/Conversion
Common Stock
2020-03-23+11,964→ 108,675 total - Exercise/Conversion
Restricted Stock Units
2020-03-23−11,964→ 0 total→ Common Stock (11,964 underlying)
Holdings
- 2,000(indirect: Family Member)
Common Stock
- 43,124(indirect: By LLC)
Common Stock
- 12,000(indirect: By Partnership)
Common Stock
- 7,000(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]The Reporting Person resigned from the Board of Directors of the Company prior to this purchase of common stock.
- [F2]In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.
- [F3]The Reporting Person disclaims beneficial ownership of these securities as this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for the purposes of Section 16 or any other purpose.
- [F4]The Compensation Committee and the Board of Directors of the Company approved, immediately prior to the Reporting Person's resignation from the Board of Directors of the Company, accelerated vesting of 100% of the Reporting Person's unvested equity that was otherwise scheduled to vest in three substantially equal installments on each of the first three annual anniversaries of the applicable initial grant date, generally subject to the grantee's continued service through each applicable vesting date. The restricted stock units reported herein have vested and converted to common shares as at March 23, 2020.