Bry James Edwin 4
4 · Seritage Growth Properties · Filed Mar 12, 2019
Insider Transaction Report
Form 4
Bry James Edwin
See Remarks
Transactions
- Award
Class A Common Shares
2019-03-08+947→ 8,959 total - Award
Class A Common Shares
2019-03-08+1,213→ 8,012 total
Footnotes (3)
- [F1]Represents Restricted Share Units awarded under the terms of a performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan covering the performance period Jan. 1, 2016 - Dec. 31, 2018. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of directors of the issuer of the applicable level of performance achievement. Half of the reported number of Restricted Share Units vested on March 8, 2019, when the performance determination was approved, and will be settled in Class A common shares of the issuer within 30 days of such date and the remaining half will vest on Jan. 1, 2020, subject to the reporting person's continued employment with the issuer, and will be settled within 30 days thereafter.
- [F2]Represents a grant of Restricted Share Units under the Seritage Growth Properties 2015 Share Plan. This award will vest in substantially equal installments on each of March 8, 2020, March 8, 2021 and March 8, 2022.
- [F3]Includes 8,959 unvested or vested but unsettled Restricted Share Units and Restricted Shares, as of the date of this filing, after taking into account both transactions reported herein.