4//SEC Filing
GLIMCHER REALTY TRUST 4
Accession 0001225208-12-012150
CIK 0000912898operating
Filed
May 13, 8:00 PM ET
Accepted
May 14, 4:55 PM ET
Size
7.8 KB
Accession
0001225208-12-012150
Insider Transaction Report
Form 4
DROUGHT THOMAS J JR
SVP Director of Leasing
Transactions
- Award
Performance Shares
2012-05-10+19,717→ 19,717 totalExp: 2014-12-31→ Common Shares of Beneficial Interest (19,717 underlying) - Award
Common Shares of Beneficial Interest
2012-05-10+19,717→ 81,210 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]Mr. Drought has acquired 168 common shares of Glimcher Realty Trust through a dividend reinvestment plan since his last Form 4 filing.
- [F3]Award to Reporting Person under the 2012 Glimcher Realty Trust Incentive Compensation Plan (the "Plan") adopted by the Company's shareholders on May 10, 2012. 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, 2012 to December 31, 2014 (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 terms and conditions of the Plan.
Documents
Issuer
GLIMCHER REALTY TRUST
CIK 0000912898
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000912898
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 4:55 PM ET
- Size
- 7.8 KB