4//SEC Filing
GLIMCHER HERBERT 4
Accession 0001437749-11-003676
CIK 0000912898other
Filed
May 26, 8:00 PM ET
Accepted
May 27, 4:43 PM ET
Size
10.7 KB
Accession
0001437749-11-003676
Insider Transaction Report
Form 4
GLIMCHER HERBERT
Director
Transactions
- Conversion
Common Shares of Beneficial Interest, par value $0.01
2011-05-25$9.60/sh+96,909$929,939→ 96,909 total(indirect: See footnotes) - Other
OP Units
2011-05-25$9.60/sh+96,909$929,939→ 217,313 total(indirect: See footnotes)→ Common Shares of Beneficial Interest, par value $0.01 (96,909 underlying) - Conversion
OP Units
2011-05-25$9.60/sh−96,909$929,939→ 120,404 total(indirect: See footnote)→ Common Shares of Beneficial Interest, par value $0.01 (96,909 underlying)
Footnotes (5)
- [F1]These OP Units may be redeemed at any time for, in the sole discretion of Glimcher Properties Limited Partnership (GPLP), cash or, on a one-for-one basis, the Registrant's Common Shares of Beneficial Interest. The price of an OP Unit is equal to its fair market value which, for purposes of redemption, is the average closing price on the New York Stock Exchange of Registrant's Common Shares of Beneficial Interest as determined over a five trading day period commencing on the date the OP Unit holder submits an exercise notice to GPLP for redemption of the units.
- [F2]The Glimcher Company (TGC), an Ohio corporation unaffiliated with the Registrant, acquired 96,909 OP Units by assignment from a third-party in satisfaction of a defaulted loan made by TGC to such third-party. TGC submitted an exercise notice to GPLP on May 23, 2011 requesting redemption of the OP Units. On May 25, 2011, GPLP informed TGC through an election notice that TGC's OP Unit holdings would be redeemed for 96,909 of the Registrant's Common Shares of Beneficial Interest.
- [F3]Includes 120,404 OP Units held directly by Mr. Glimcher's spouse.
- [F4]Mr. Glimcher is TGC's Chairman and sole shareholder.
- [F5]Operating Partnership Unit of Glimcher Properties Limited Partnership ("OP Units")
Documents
Issuer
GLIMCHER REALTY TRUST
CIK 0000912898
Entity typeother
Related Parties
1- filerCIK 0001007385
Filing Metadata
- Form type
- 4
- Filed
- May 26, 8:00 PM ET
- Accepted
- May 27, 4:43 PM ET
- Size
- 10.7 KB