4//SEC Filing
NorthStar Realty Europe Corp. 4
Accession 0001571049-17-000373
CIK 0001646587operating
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 9:54 PM ET
Size
14.4 KB
Accession
0001571049-17-000373
Insider Transaction Report
Form 4
Tylis Albert
Director
Transactions
- Exercise/Conversion
Common Stock
2017-01-10+9,293→ 446,853 total - Exercise/Conversion
Performance Restricted Stock Units
2017-01-10−27,879→ 46,945.5 total→ Common Stock (9,293 underlying) - Award
Common Stock
2017-01-10+20,958→ 437,560 total - Tax Payment
Common Stock
2017-01-10$12.44/sh−125,812$1,565,101→ 321,041 total - Disposition to Issuer
Performance Restricted Stock Units
2017-01-10−46,945.5→ 0 total→ Common Stock (15,648 underlying)
Footnotes (5)
- [F1]Represents shares of Common Stock that were issued or vested pursuant to the previously disclosed agreement entered into by the reporting person in connection with the merger of NorthStar Asset Management Group Inc. ("NSAM") into Colony NorthStar, Inc. on January 10, 2017 (the "CLNS Merger") relating the long-term performance based incentive compensation awards granted by NorthStar Realty Europe Corp. ("NRE") for 2015 and 2016. The remainder of these awards was forfeited.
- [F2]Represents the portion of the 2014 RSUs (as defined below) that vested and was settled in shares of Common Stock pursuant to the previously disclosed agreement entered into by the reporting person in connection with the CLNS Merger. The "2014 RSUs" consist of restricted stock units granted as long-term performance based incentive compensation pursuant to NorthStar Asset Management Group Inc.'s Executive Incentive Bonus Plan for 2014 that were subject to vesting based on continued employment and the achievement of performance criteria related to total stockholder return from January 1, 2014 through December 31, 2017. Upon vesting, each 2014 RSU was to be settled in shares of Common Stock or units of limited partnership interest structured as profits interests in the operating partnership of NRE, if available, and otherwise in cash. The 2014 RSUs expired and ceased to exist following settlement.
- [F3]As a result of the spin-off of NRE from NorthStar Realty Finance Corp. ("NRF") and subsequent reverse stock split of NRF, each 2014 RSU was adjusted to relate to one share of NRF common stock and one-third of a share of NRE common stock.
- [F4]Represents shares of Common Stock retained by NRE in order to satisfy tax withholding obligations arising from the vesting of shares of Common Stock previously granted and held by the reporting person and the issuance of shares of Common Stock to the reporting person in settlement of the RSUs described in footnotes (1) and (2) above.
- [F5]Represents the portion of the 2014 RSUs that was forfeited pursuant to the previously disclosed agreement entered into by the reporting person in connection with the CLNS Merger.
Documents
Issuer
NorthStar Realty Europe Corp.
CIK 0001646587
Entity typeoperating
Related Parties
1- filerCIK 0001646587
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 9:54 PM ET
- Size
- 14.4 KB