4//SEC Filing
Demchak Robert P 4
Accession 0001437749-20-003746
CIK 0001594686other
Filed
Feb 26, 7:00 PM ET
Accepted
Feb 27, 4:02 PM ET
Size
8.8 KB
Accession
0001437749-20-003746
Insider Transaction Report
Form 4
Demchak Robert P
Secretary and General Counsel
Transactions
- Award
Restricted Stock Units
2020-02-25+103,734→ 103,734 total→ Common Stock, par value $0.0001 per share (103,734 underlying) - Award
Performance Stock Units
2020-02-25+103,734→ 103,734 total→ Common Stock, par value $0.0001 per share (103,734 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 vest and become non-forfeitable in one-third installments on each of the first, second and third anniversaries of February 25, 2020, 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.
- [F3]Each of the performance stock units ("PSUs") represents a contingent right to receive one share of Common Stock.
- [F4]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 February 25, 2020 to February 25, 2023 ("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, 2024.
Documents
Issuer
WASHINGTON PRIME GROUP INC.
CIK 0001594686
Entity typeother
Related Parties
1- filerCIK 0001606891
Filing Metadata
- Form type
- 4
- Filed
- Feb 26, 7:00 PM ET
- Accepted
- Feb 27, 4:02 PM ET
- Size
- 8.8 KB