Fernand Matthew E 4
4 · Seritage Growth Properties · Filed May 29, 2019
Insider Transaction Report
Form 4
Fernand Matthew E
Chief Legal Officer
Transactions
- Award
Class A Common Shares
2019-05-24+38→ 24,458 total - Tax Payment
Class A Common Shares
2019-05-24$44.00/sh−553$24,332→ 23,905 total
Footnotes (3)
- [F1]Represents a grant of Restricted Share Units ("RSUs") under the Seritage Growth Properties 2015 Share Plan to increase the number of RSUs attributable to "Tranche 2" of the time-vested portion of the 2018 Incentive Award pursuant to the terms of such award. These additional RSUs have the same vesting schedule as the RSUs originally granted under the 2018 Incentive Award, such that one-third were vested as of the date of grant and one-third will vest on each of May 2, 2020 and May 2, 2021.
- [F2]Includes 12,206 unvested RSUs and Restricted Shares, as of the date of this filing, after taking into account both transactions reported herein.
- [F3]Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based RSUs.