4//SEC Filing
Gramercy Property Trust 4
Accession 0001297587-16-000186
CIK 0001297587operating
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 6:16 PM ET
Size
6.6 KB
Accession
0001297587-16-000186
Insider Transaction Report
Form 4
Clark Jon W.
Chief Financial Officer
Transactions
- Award
LTIP Units
2016-06-30+55,247→ 82,440 total→ Common Shares (55,247 underlying)
Footnotes (2)
- [F1]Represents LTIP Units of GPT Operating Partnership LP ("GPT OP"), of which the Issuer is the general partner, earned (i.e. for which the performance-based hurdles have been met) pursuant to the Gramercy Property Trust Inc. 2012 Long-Term Outperformance Plan. Of the total number of LTIP Units reported in column 9, 50% vested on June 30, 2016 and 50% will vest on June 30, 2017, subject to the continued employment of the reporting person through that date.
- [F2]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in GPT OP (a "Common Unit"). Each Common Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one Common Share of the Issuer, except that the Issuer may, at its election, acquire each Common Unit so presented for one Common Share of the Issuer. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.
Documents
Issuer
Gramercy Property Trust
CIK 0001297587
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001297587
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 6:16 PM ET
- Size
- 6.6 KB