DUPONT FABROS TECHNOLOGY, INC. 4
4 · DUPONT FABROS TECHNOLOGY, INC. · Filed Feb 19, 2015
Insider Transaction Report
Form 4
Fateh Hossein
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2015-02-17−23,800→ 41,887 total - Award
Common Stock
2015-02-17+55,742→ 65,687 total
Holdings
- 1,750,000
OP Units
→ Common Stock (1,750,000 underlying) - 344,930(indirect: By LLC)
OP Units
→ Common Stock (344,930 underlying)
Footnotes (4)
- [F1]As disclosed in the Issuer's current report on Form 8-K, filed on February 4, 2015, pursuant to the Separation Agreement and General Release, dated February 2, 2015, between the Issuer and Mr. Fateh, on February 17, 2015, the effective date of Mr. Fateh's resignation as the Issuer's President and Chief Executive Officer, the Issuer granted Mr. Fateh the number of shares of the Issuer's common stock, with a value of $1.75 million, with the number of shares of common stock awarded determined based on the average of the opening and closing price per share of the Issuer's common stock on February 17, 2015, or $31.395.
- [F2]Shares withheld by Registrant to satisfy minimum statutory withholding requirements on vesting of restricted stock.
- [F3]"OP Units" represent limited partner interests of DuPont Fabros Technology, L.P., a Maryland limited partnership (the "OP"), the operating partnership of DuPont Fabros Technology, Inc. (the "Issuer"), of which the Issuer is the sole general partner. OP Units are redeemable twelve (12) months from the transaction date pursuant to which the OP units were issued for cash equal to the ten-current market value of one share of the Issuer's common stock, or, at the election of the Issuers, and equal number of shares of the Issuer's common stock.
- [F4]All of these OP Units are immediately redeemable (subject to certain limitations set forth in agreement of limited partnership of the OP). OP Units have no expiration date.