SEC Form 4 · accession 0001179110-17-003848
SL GREEN REALTY CORP · SLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew S Levine
Officer — Chief Legal Officer & GC
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 5:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001040971
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2017 | M | 12,500 | $90.15 | A | 27,985 | D | |
| Common StockF2 | Mar 1, 2017 | C | 20,200 | $0.00 | A | 48,185 | D | |
| Common StockF3 | Mar 1, 2017 | S | 18,965 | $113.89 | D | 29,220 | D | |
| Common StockF4 | Mar 1, 2017 | S | 13,735 | $114.36 | D | 15,485 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F5 | $90.15 | Mar 1, 2017 | M | 12,500 | D | — | Dec 12, 2018 | Common Stock | 12,500 | 0 | D |
| LTIP UnitsF6 | — | Mar 1, 2017 | C | 20,200 | D | — | — | Common Stock | 20,200 | 142,311 | D |
Explanation of responses
- F1Includes 58.39 shares of Common Stock purchased through the Issuer's Employee Stock Purchase Plan.
- F220,200 of the Reporting Person's LTIP units ("LTIP Units") in SL Green Operating Partnership, L.P.("SLGOP"), of which the Issuer is the sole general partner, were exchanged for Class A Units of limited partnership interests in SLGOP ("Common Units") and then were immediately converted into an equal number of shares of the Issuer's Common Stock.
- F3Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $113.52 to $114.09 per share, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F4Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $114.10 to $114.71 per share, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F5The options vested in three equal installments on each of January 1, 2015, 2016 and 2017.
- F6Represents LTIP Units issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital account of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.