4//SEC Filing
Education Realty Trust, Inc. 4
Accession 0001302343-16-000228
CIK 0001302343operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 6:52 PM ET
Size
24.7 KB
Accession
0001302343-16-000228
Insider Transaction Report
Form 4
Richards Christine
Senior VP, Property Operations
Transactions
- Tax Payment
Common Stock
2016-01-01$37.88/sh−421$15,947→ 33,222 total - Award
Common Stock
2016-01-01+1,512→ 33,643 total - Tax Payment
Common Stock
2016-01-01$37.88/sh−494$18,713→ 32,728 total - Award
Profit-Only Interest
2016-01-01+2,310→ 14,520 total→ Common Stock (2,310 underlying)
Footnotes (6)
- [F1]Represents shares of common stock issued as a result of the vesting of performances-based restricted stock units ("RSUs") previously granted pursuant to the Education Realty Trust, Inc. ("EdR") 2013 Long-Term Incentive Plan.
- [F2]Represents shares surrendered to EdR to satisfy tax withholding obligations in connection with the vesting of previously granted restricted stock.
- [F3]Represents shares surrendered to EdR to satisfy tax withholding obligations in connection with the vesting of previously granted RSUs.
- [F4]Represents a grant pursuant to the 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.
- [F5]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.
- [F6]Represents (i) 554 POIs granted under the EdR 2015 Long-Term Incentive Plan that vested on January 1, 2016, (ii) 1,108 POIs granted under the 2015 Long-Term Incentive Plan that will vest ratably on January 1, 2017 and January 1, 2018, (iii) 10,548 POIs granted under the 2015 Long-Term Incentive Plan that vest on January 1, 2018, subject to certain performance conditions and (iv) 2,310 newly granted POIs as described in footnote 4 above.
Issuer
Education Realty Trust, Inc.
CIK 0001302343
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001302343
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 6:52 PM ET
- Size
- 24.7 KB