4//SEC Filing
Miller Jeffrey H 4
Accession 0001628280-23-003949
CIK 0000765880other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 6:06 PM ET
Size
12.9 KB
Accession
0001628280-23-003949
Insider Transaction Report
Form 4
Miller Jeffrey H
General Counsel
Transactions
- Award
LTIP Units
2023-02-15+1,940→ 1,940 total→ Common Stock (1,940 underlying) - Award
LTIP Units
2023-02-15+3,732→ 3,732 total→ Common Stock (3,732 underlying) - Disposition to Issuer
Common Stock
2023-02-15−12,760→ 31,255 total - Award
LTIP Units
2023-02-15+7,088→ 7,088 total→ Common Stock (7,088 underlying)
Footnotes (5)
- [F1]Represents unvested restricted stock units in respect of shares of common stock of the Issuer that were previously granted to the reporting person, provided for time-based vesting, and were cancelled by the Issuer on February 15, 2023 (the "Cancelled RSUs"). This cancellation of shares does not constitute a sale transaction.
- [F2]The reporting person received in exchange for the Cancelled RSUs a replacement award of a class of units of membership interests in Healthpeak OP, LLC, a Maryland limited liability company ("Healthpeak OP"), the operating subsidiary of the Issuer, designated as LTIP Units (LTIP Units) intended to qualify as profits interests for U.S. federal income tax purposes, and which have the same vesting schedule as the corresponding Cancelled RSUs. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common unit membership interests in Healthpeak OP (the OP Units). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Common Stock or, at the option of Healthpeak OP, convertible to shares of the Issuer's Common Stock on a one-for-one basis, and have no expiration date.
- [F3]These LTIP Units represent the unvested portion of the original grant, which vests one-fifth (1/5) annually commencing on the first anniversary of the November 5, 2018 grant date, subject to continued service with the Issuer.
- [F4]These LTIP Units represent the unvested portion of the original grant, which vests one-third (1/3) annually commencing on the first anniversary of the February 12, 2021 grant date, subject to continued service with the Issuer.
- [F5]These LTIP Units represent the unvested portion of the original grant, which vests one-third (1/3) annually commencing on the first anniversary of the February 10, 2022 grant date, subject to continued service with the Issuer.
Documents
Issuer
HEALTHPEAK PROPERTIES, INC.
CIK 0000765880
Entity typeother
Related Parties
1- filerCIK 0001292027
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 6:06 PM ET
- Size
- 12.9 KB