4//SEC Filing
GLIMCHER REALTY TRUST 4
Accession 0001225208-11-013460
CIK 0000912898operating
Filed
May 5, 8:00 PM ET
Accepted
May 6, 4:21 PM ET
Size
7.9 KB
Accession
0001225208-11-013460
Insider Transaction Report
Form 4
DROUGHT THOMAS J JR
SVP Director of Leasing
Transactions
- Award
Performance Shares
2011-05-04+10,171→ 10,171 total→ Common Shares of Beneficial Interest (10,171 underlying) - Award
Common Shares of Beneficial Interest
2011-05-04+20,878→ 56,922 total
Footnotes (4)
- [F1]These common shares shall have transfer restrictions that shall lapse in three equal installments over a period of five years commencing on the three-year anniversary of the grant date.
- [F2]Includes 118 shares acquired during 2011 pursuant to broker-administered dividend reinvestment plan.
- [F3]Award to Reporting Person under the 2011 Glimcher Long-Term Incentive Compensation Plan adopted in accordance with the terms of the Glimcher Realty Trust (the "Company") Amended and Restated 2004 Incentive Compensation Plan (the "Plan"). The performance shares award provides for payment in the Company's common shares of beneficial interest in an amount ranging from 50% and 200% of the performance shares awarded based upon satisfaction of certain performance criteria over the performance period of January 1, 2011 to December 31, 2013 (unless a change in control of the Company occurs during the performance period, in which case the performance period will conclude on the date of the change of control and the performance criteria will be measured as of such date).
- [F4]Following completion of the performance period, a committee of independent trustees from the Company's Board of Trustees will certify the achievement of the performance criteria and thereafter transfer common shares of beneficial interest to the Reporting Person in accordance with the 2011 Glimcher Long-Term Incentive Compensation Plan.
Documents
Issuer
GLIMCHER REALTY TRUST
CIK 0000912898
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000912898
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 4:21 PM ET
- Size
- 7.9 KB