Education Realty Trust, Inc. 4
4 · Education Realty Trust, Inc. · Filed Jan 5, 2016
Insider Transaction Report
Form 4
Mackie Lindsey
Senior VP and CAO
Transactions
- Award
Profit-Only Interest
2016-01-01+330→ 330 total→ Common Stock (330 underlying)
Footnotes (2)
- [F1]Represents a grant pursuant to the Education Realty Trust, Inc. ("EdR") 2016 Long-Term Incentive Plan which will vest ratably over three years beginning on January 1, 2017. The reporting person has elected to receive her award in the form of profit-only interests ("POIs") in Education Realty Operating Partnership, LP (the "Operating Partnership"), a subsidiary of EdR.
- [F2]Upon the occurrence of certain capital account equalization events, the POIs will become ordinary units of the Operating Partnership and be exchangeable for cash or, at EdR's option, shares of EdR's common stock on a one-for-one basis.