4//SEC Filing
Yale Mark Edward 4
Accession 0001437749-21-009600
CIK 0001594686other
Filed
Apr 21, 8:00 PM ET
Accepted
Apr 22, 4:05 PM ET
Size
7.3 KB
Accession
0001437749-21-009600
Insider Transaction Report
Form 4
Yale Mark Edward
Executive VP & CFO
Transactions
- Disposition to Issuer
LTIP Units
2021-04-20−5,916→ 0 total→ Common Stock, par value $0.0001 per share (5,916 underlying)
Footnotes (2)
- [F1]Represents long-term incentive performance ("LTIP") units of Washington Prime Group, L.P. (the "Operating Partnership"), of which Washington Prime Group Inc. (the "Company" or "WPG") is the general partner, issued as long-term incentive compensation pursuant to the Operating Partnership's 2014 Stock Incentive Plan in compliance with Rule 16b-3. Each of the LTIP units have vested and, subject to certain qualifying book-up events, may be converted into a unit of limited partnership interest of the Operating Partnership ("Partnership Unit"). Each Partnership Unit may then be exchanged, at the option and discretion of the reporting person, for, as determined by the Company, a share of the Company's common stock on a one-for-one basis or cash.
- [F2]The reporting person is terminating, canceling and abandoning all the listed LTIP units. The reporting person was awarded 34,221 LTIP units on February 24, 2015 (the "First Grant") and another 19,011 LTIP units on February 25, 2016 (the "Second Grant"). Each of the aforementioned awards were adjusted following the Company'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. As a result of the Split, the First Grant was adjusted from 34,221 LTIP units outstanding to 3,803 LTIP units outstanding and the Second Grant was adjusted from 19,011 LTIP units outstanding to 2,113 LTIP units outstanding.
Documents
Issuer
WASHINGTON PRIME GROUP INC.
CIK 0001594686
Entity typeother
Related Parties
1- filerCIK 0001302076
Filing Metadata
- Form type
- 4
- Filed
- Apr 21, 8:00 PM ET
- Accepted
- Apr 22, 4:05 PM ET
- Size
- 7.3 KB