4//SEC Filing
CONFORTI LOUIS G 4
Accession 0001437749-19-015334
CIK 0001594686other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 5:28 PM ET
Size
9.2 KB
Accession
0001437749-19-015334
Insider Transaction Report
Form 4
CONFORTI LOUIS G
Director
Transactions
- Award
Restricted Stock Units
2019-08-02+500,000→ 500,000 total→ Common Stock, par value $0.0001 per share (500,000 underlying) - Award
Performance Stock Units
2019-08-02+500,000→ 500,000 total→ Common Stock, par value $0.0001 per share (500,000 underlying)
Footnotes (4)
- [F1]Each of the restricted stock units ("RSUs") represents a contingent right to receive one share of Issuer's common stock (the "Common Stock").
- [F2]The awarded RSUs shall be evidenced by an award agreement (the "RSU Agreement") and vest and become non-forfeitable in one-third installments (including any dividend equivalent payments per the terms of the RSU Agreement) on each of the third, fourth and fifth anniversaries of August 2, 2019 (the "Grant Date"), provided that the Reporting Person is in continued compliance with certain covenants in the Reporting Person's amended and restated employment agreement (the "Agreement") and subject to certain provisions of the Agreement relating to termination of the Reporting Person and a change in control of the Issuer.
- [F3]Each of the performance stock units ("PSUs") represents a contingent right to receive one share of Common Stock.
- [F4]PSUs shall be evidenced by an award agreement (the "PSU Agreement") and be earned based upon the satisfaction of certain annualized total shareholder return criteria ("TSR Criteria") with the number of earned PSUs ranging from 0% to 200% of the allocated amount awarded based on the achievement by the Company of the TSR Criteria over a three-year performance period beginning on the Grant Date. Earned PSUs, if any, shall vest in one-third installments on each of the third, fourth and fifth anniversaries of the Grant Date, provided that the Reporting Person is in continued compliance with certain covenants in the Agreement and subject to certain provisions of the PSU Agreement relating to a change in control of the Issuer. Issuer shall exchange one share of Common Stock for one earned and vested PSU (including any dividend equivalent rights that shall also be paid in shares of Common Stock in accordance with the PSU Agreement).
Documents
Issuer
WASHINGTON PRIME GROUP INC.
CIK 0001594686
Entity typeother
Related Parties
1- filerCIK 0001078085
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 5:28 PM ET
- Size
- 9.2 KB