4//SEC Filing
Robey David 4
Accession 0001562180-21-005748
CIK 0001577368other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 4:08 PM ET
Size
16.9 KB
Accession
0001562180-21-005748
Insider Transaction Report
Form 4
Robey David
Chief Operating Officer
Transactions
- Disposition to Issuer
Employee stock option (right to buy)
2021-08-31$50.18/sh−1,250$62,725→ 0 totalExercise: $27.82Exp: 2024-08-01→ Class A Common Stock (1,250 underlying) - Gift
Class A Common Stock
2021-08-25−3,233→ 38,493 total - Award
Class A Common Stock
2021-08-31+36,130→ 74,623 total - Disposition to Issuer
Employee stock option (right to buy)
2021-08-31$43.97/sh−13,295$584,581→ 0 totalExercise: $34.03Exp: 2028-03-07→ Class A common stock (13,295 underlying) - Disposition to Issuer
Class A Common Stock
2021-08-31−74,623→ 0 total - Disposition to Issuer
Employee stock option (right to buy)
2021-08-31$43.97/sh−12,666$556,924→ 0 totalExercise: $34.03Exp: 2028-03-07→ Class A common stock (12,666 underlying)
Footnotes (5)
- [F1]On March 5, 2019, March 6, 2020 and March 5, 2021, the reporting person was granted, as applicable, performance-based restricted share units ("RSUs") eligible to be earned based on Operating Funds From Operations per diluted share of the Issuer over a performance period and RSUs eligible to be earned based on relative total stockholder return over a performance period. In connection with the Merger (as defined below), the Compensation Committee certified the degree to which the performance measures were achieved for awards for which performance had not previously been certified and pursuant to the Merger Agreement (as defined below). Such RSUs (including dividend equivalent rights accrued thereon) became fully vested in accordance with their terms in connection with the Merger.
- [F2]Includes Class A common stock disposed of, and vested RSUs cancelled, pursuant to the merger of the Issuer with and into Volt Lower Holdings LLC (the "Merger") pursuant to the terms of the Agreement and Plan of Merger, dated as of June 7, 2021, among the Issuer, QualityTech, LP, Volt Upper Holdings LLC, Volt Lower Holdings LLC, and Volt Acquisition LP (the "Merger Agreement") in exchange for $78.00 in cash per share or unit, as applicable, without interest, less any applicable withholding.
- [F3]These options to purchase shares of Class A common stock were granted under the Plan, all of which vested two years after the date of grant. Each option was canceled in the Merger in exchange for a cash payment of $43.97, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.
- [F4]These options to purchase shares of Class A common stock were granted under the Plan and vested ratably over three years beginning on the first anniversary of the date of grant and each quarter thereafter. Each option was canceled in the Merger in exchange for a cash payment of $43.97, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.
- [F5]These options to purchase shares of Class A common stock were granted under the QTS Realty Trust, Inc. Equity Incentive Plan (the "Plan") and vested ratably over four years beginning on the first anniversary of the date of grant and each quarter thereafter. Each option was canceled in the Merger in exchange for a cash payment of $50.18, representing the difference between the exercise price of the option and $78.00, less any applicable income and employment withholding taxes.
Documents
Issuer
QTS Realty Trust, Inc.
CIK 0001577368
Entity typeother
Related Parties
1- filerCIK 0001732827
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 4:08 PM ET
- Size
- 16.9 KB