4//SEC Filing
Wood Gregory S. 4
Accession 0001476204-21-000182
CIK 0001476204other
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 5:24 PM ET
Size
11.2 KB
Accession
0001476204-21-000182
Insider Transaction Report
Form 4
Wood Gregory S.
Director
Transactions
- Other
Common Stock
2021-07-02−8,717.083→ 0 total - Award
Common Stock
2021-07-15+3,389.831→ 3,389.831 total - Other
Class B Common Stock
2021-07-02+8,717.083→ 8,717.083 total - Purchase
Common Stock
2021-07-19$28.00/sh+1,500$42,000→ 4,889.831 total
Footnotes (4)
- [F1]On July 2, 2021, the Issuer effected a one-for-three reverse stock split (the "Reverse Split") of all of its issued and outstanding shares of common stock ("Common Stock"), which resulted in the Reporting Person's ownership of issued and outstanding Common Stock being reduced from 26,151.25 shares of Common Stock to 8,717.083 shares of Common Stock.
- [F2]On July 2, 2021, immediately following the Reverse Stock Split, the Issuer effected a reclassification transaction exempt under Rule 16b-7 in which each issued and outstanding share of its Common Stock on July 2, 2021, was reclassified into a share of newly created Class B common stock; thus, all of the Reporting Person's shares of Common Stock held as of July 2, 2021, are now shares of Class B common stock. The Issuer's Class B common stock is identical to its Common Stock, except that (i) it is not currently listed on a national securities exchange and (ii) it will automatically convert to the Issuer's listed Common Stock on January 15, 2022.
- [F3]Represents the grant of shares of restricted Common Stock that will vest as to 50% of the award on the eighteen month anniversary of the date of grant and 50% of the award on the thirty-six month anniversary of the date of grant, subject to continued service through the applicable vesting date.
- [F4]Represents the purchase of shares of Common Stock directly from the Issuer's underwriters through the Reserved Share Program offered to the Issuer's directors, officers, associates, and certain other related persons in connection with its current registered underwritten public offering. Reporting Person's shares of Common Stock are subject to a 180-day lock-up beginning July 15, 2021.
Documents
Issuer
Phillips Edison & Company, Inc.
CIK 0001476204
Entity typeother
Related Parties
1- filerCIK 0001532609
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 5:24 PM ET
- Size
- 11.2 KB