4/A//SEC Filing
MEDICAL PROPERTIES TRUST INC 4/A
Accession 0001287865-07-000043
$MPWCIK 0001287865operating
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 8:03 PM ET
Size
9.7 KB
Accession
0001287865-07-000043
Insider Transaction Report
Form 4/AAmended
McKenzie William G
DirectorOther
Transactions
- Award
Common Stock, par value $.001
2007-08-07+50,000→ 218,022 total - Award
LTIP Units
2007-08-07+40,000→ 40,000 totalExercise: $0.00→ Common Stock, par value $.001 (40,000 underlying)
Footnotes (3)
- [F1]LTIP Units vest ratably on December 31 of each year over a seven year period beginning December 31, 2007.
- [F2]Represents shares of restricted stock awarded as core performance awards (CPRE). CPRE vest annually and ratably over a 7 year period (beginning 3/1/07 through 12/31/13) contingent on the Company acheiving a simple 9% annual total return to shareholders (pro-rated to 7.5% for the first vesting period from 3/1/07 to 12/31/07). CPRE are subject to forfeiture if less than the full award vests over the 7 year performance measurement period. At the end of each calendar year, the Compensation Committee will determine the Company's pro-rated annual and cumulative total return to shareholders from 3/1/07 through the end of each calendar year. Vesting will occur at the end of each calendar year as follows (pro-rated for 2007): Annual and Cumulative Return per year both less than 9% - 0% vesting; Annual or Cumulative Return per year equal to or greater than simple 9% - 14.286% vesting; Cumulative Return per year equal to or greather than simple 9% - any portion that failed to vest in prior years.
- [F3]Represents units of limited partnerhsip interest in MPT Operating Partnership, L.P. ("MPT OP") of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's Second Amended and Restated 2004 Equity Incentive Plan. Conditiond upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into units of profits interest in MPT OP (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.
Documents
Issuer
MEDICAL PROPERTIES TRUST INC
CIK 0001287865
Entity typeoperating
Related Parties
1- filerCIK 0001287865
Filing Metadata
- Form type
- 4/A
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 8:03 PM ET
- Size
- 9.7 KB