4//SEC Filing
Education Realty Trust, Inc. 4
Accession 0001302343-17-000009
CIK 0001302343operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 4:49 PM ET
Size
11.4 KB
Accession
0001302343-17-000009
Insider Transaction Report
Form 4
Richards Christine
Senior VP, Property Operations
Transactions
- Award
Common Stock
2017-01-01+11,718→ 44,446 total - Tax Payment
Common Stock
2017-01-01$42.30/sh−5,060$214,038→ 39,122 total - Award
Profit-Only Interest
2017-01-01+2,069→ 27,637 total→ Common Stock (2,069 underlying) - Tax Payment
Common Stock
2017-01-01$42.30/sh−264$11,167→ 44,182 total
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") 2014 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 2017 Long-Term Incentive Plan which will vest ratably over three years beginning on January 1, 2018. 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 may be redeemed for cash or, at EdR's option, shares of EdR's common stock on a one-for-one basis.
- [F6]Represents (i) 1,878 POIs granted under the EdR 2015 and 2016 Long-Term Incentive Plans that have vested, (ii) an aggregate of 4,163 POIs granted under the EdR 2015, 2016 and 2017 Long-Term Incentive Plans, including the newly granted POIs described in footnote 4 above, that vest ratably over the corresponding three year periods and (iii) an aggregate of 21,596 performance based POIs granted under the EdR 2015 and 2016 Long-Term Incentive Plans that vest on January 1, 2018 and 2019, respectively, subject to certain performance conditions.
Documents
Issuer
Education Realty Trust, Inc.
CIK 0001302343
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001302343
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 4:49 PM ET
- Size
- 11.4 KB