4//SEC Filing
Dillon John J 4
Accession 0001437749-21-003795
CIK 0001594686other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:30 PM ET
Size
7.1 KB
Accession
0001437749-21-003795
Insider Transaction Report
Form 4
Dillon John J
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2021-02-19−9,662→ 9,662 total→ Common Stock, par value $0.0001 per share (9,662 underlying)
Footnotes (3)
- [F1]Each restricted stock unit (a "RSU" or the "RSUs") represents a contingent right to receive one share of Washington Prime Group Inc. ("WPG," "Issuer" or the "Company") common stock.
- [F2]These RSUs were to vest on May 18, 2021, subject to the reporting person's continued membership on the WPG Board of Directors (the "Board") through that date.
- [F3]As part of the Board approved modification of WPG's director compensation program (the "Program"), the reporting person is terminating and canceling fifty percent (50%) of the RSU grant he received on May 18, 2020 (the "Grant") in exchange for the reporting person's first cash payment under the Program. The reporting person received 173,913 RSUs as part of the Grant, but this amount was adjusted to 19,324 RSUs following WPG's one (1) for nine (9) reverse stock split (the "Split") that became effective on December 22, 2020. The Split impacted WPG's common shares and securities convertible or exercisable into WPG common stock. Other than the termination and cancellation of RSUs described herein, which became effective on February 19, 2021, all remaining RSUs comprising the Grant received by the reporting person remain outstanding and subject to the current terms and conditions of the Grant as well as all other outstanding RSUs awarded to the reporting person heretofore.
Documents
Issuer
WASHINGTON PRIME GROUP INC.
CIK 0001594686
Entity typeother
Related Parties
1- filerCIK 0001677304
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:30 PM ET
- Size
- 7.1 KB