4//SEC Filing
Gerber Stephan 4
Accession 0001437749-21-008240
CIK 0001594686other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 4:59 PM ET
Size
6.8 KB
Accession
0001437749-21-008240
Insider Transaction Report
Form 4
Gerber Stephan
SVP, Head of Property Mgmt.
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-04-04−85→ 0 total→ .
Footnotes (3)
- [F1]Restricted stock units ("RSUs") were awarded (the "Original Award") to the Reporting Person on April 4, 2018 (the "Grant Date").
- [F2]Represent the final tranche of the Original Award that vested on the third annual anniversary of the Grant Date. Terms of the Original Award provided that vested RSUs would be converted on a one-for-one basis to common stock of the Issuer; however, the Compensation Committee of the Issuer's Board of Directors (the "Committee") approved a change in the terms of the Original Award permitting the Company to pay the Reporting Person the cash equivalent for the vesting RSUs reported herein. As approved and authorized by the Committee, the amount the Company pays to the Reporting Person shall be equal to the closing market price of the Issuer's common shares on the New York Stock Exchange on April 5, 2021 multiplied by the number of RSUs vesting as reported herein.
- [F3]The original grant was for 2,313 RSUs, but was adjusted to 257 RSUs following the Issuer's one (1) for nine (9) reverse stock split (the "Split") that became effective on December 22, 2020. The Split impacted the Issuer's common shares and securities convertible or exercisable into Issuer's common shares. At the time of the Split, only 85 RSUs of this Original Award remained outstanding and unvested.
Documents
Issuer
WASHINGTON PRIME GROUP INC.
CIK 0001594686
Entity typeother
Related Parties
1- filerCIK 0001767926
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 4:59 PM ET
- Size
- 6.8 KB