4//SEC Filing
Ajdaharian Paul S 4
Accession 0001437749-18-003166
CIK 0001594686other
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 8:35 PM ET
Size
16.3 KB
Accession
0001437749-18-003166
Insider Transaction Report
Form 4
Ajdaharian Paul S
Exec VP, Head of Open Air Ctrs
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-02-21−6,200→ 12,401 total→ Common Stock, par value $0.0001 per share (6,200 underlying) - Exercise/Conversion
Common Stock, par value $0.0001 per share
2018-02-21+6,200→ 15,295 total - Exercise/Conversion
Common Stock, par value $0.0001 per share
2018-02-21+11,601→ 26,896 total - Exercise/Conversion
Restricted Stock Units
2018-02-21−11,601→ 23,203 total→ Common Stock, par value $0.0001 per share (11,601 underlying) - Award
Performance Stock Units
2018-02-20+30,602→ 30,602 total→ Common Stock, par value $0.0001 per share (30,602 underlying) - Award
Restricted Stock Units
2018-02-20+30,602→ 30,602 total→ Common Stock, par value $0.0001 per share (30,602 underlying)
Footnotes (7)
- [F1]Issuer's common stock (the "Common Stock") acquired upon vesting of one-third of 18,601 restricted stock units ("RSUs") awarded to the Reporting Person on February 21, 2017 (the "Grant Date").
- [F2]Common Stock acquired upon vesting of one-third of 34,804 RSUs awarded to the Reporting Person on the Grant Date and which constitute the earned payout for the Issuer's 2016 Annual Awards.
- [F3]Each of the RSUs represents a contingent right to receive one share of Common Stock.
- [F4]Listed RSUs were awarded on the Grant Date and represent a one-third portion of the total award that vested on the one-year anniversary of the Grant Date and converted on a one-for-one basis to Common Stock.
- [F5]The awarded RSUs shall vest and become nonforfeitable in one-third installments on each of the first, second and third anniversaries of the grant date of February 20, 2018 ("2018 Grant Date"), provided that the Reporting Person is in continued compliance with certain covenants in the Reporting Person's employment agreement and subject to certain provisions of such agreement relating to a change in control of the Issuer.
- [F6]Each of the performance stock units ("PSUs") represents a contingent right to receive one share of Common Stock.
- [F7]Unvested PSUs shall be earned based upon the satisfaction of certain relative total shareholder return criteria ("TSR Criteria") with the number of earned PSUs ranging from 0% to 150% of the allocated amount awarded based on the achievement of the Company in the TSR Criteria over a three-year performance period from the 2018 Grant Date to February 20, 2021 ("Vesting Date"), provided that the Reporting Person is in continued compliance with certain covenants in the Reporting Person's employment agreement and subject to certain provisions of such agreement relating to a change in control of the Issuer. Settlement of the PSUs shall occur as soon as practicable after the Vesting Date, but no later than March 15, 2022.
Documents
Issuer
WASHINGTON PRIME GROUP INC.
CIK 0001594686
Entity typeother
Related Parties
1- filerCIK 0001722344
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 8:35 PM ET
- Size
- 16.3 KB