4//SEC Filing
Birge J. Taggart 4
Accession 0001437749-21-003797
CIK 0001594686other
Filed
Feb 22, 7:00 PM ET
Accepted
Feb 23, 4:31 PM ET
Size
7.2 KB
Accession
0001437749-21-003797
Insider Transaction Report
Form 4
Birge J. Taggart
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2021-02-19−14,090→ 14,091 total→ Common Stock, par value $0.0001 per share (14,090 underlying)
Footnotes (4)
- [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 changes to WPG's director compensation program (the "Program"), the reporting person is terminating fifty percent (50%) of the RSU grant he received on May 18, 2020 (the "Grant") in exchange for receiving the first cash payment under the Program. The reporting person received 253,623 RSUs as part of the Grant, but this amount was adjusted to 28,181 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 RSU termination described herein, which became effective on February 19, 2021, all remaining RSUs comprising the Grant 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.
- [F4]Any fractional RSUs remaining after the reduction and cancellation described herein shall be rounded up to nearest whole unit.
Documents
Issuer
WASHINGTON PRIME GROUP INC.
CIK 0001594686
Entity typeother
Related Parties
1- filerCIK 0001707018
Filing Metadata
- Form type
- 4
- Filed
- Feb 22, 7:00 PM ET
- Accepted
- Feb 23, 4:31 PM ET
- Size
- 7.2 KB