SEC Form 4 · accession 0001179110-19-000857
SL GREEN REALTY CORP · SLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen L Green
Director
Period of report
Jan 17, 2019
Accepted (ET)
Jan 22, 2019 · 7:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001040971
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF1,F3 | — | Jan 17, 2019 | D | 16,525 | D | — | — | Common Stock | 16,525 | 0 | D |
Explanation of responses
- F1The Stock Units were granted pursuant to the deferred compensation agreements (the "Deferred Compensation Agreements"), dated December 18, 2009 and December 24, 2010, respectively, entered into between the reporting person and the Issuer. Each Stock Unit represents a contingent right to receive the value of one share of common stock of the Issuer.
- F2Pursuant to the terms of the Deferred Compensation Agreements, the amount payable to the reporting person in settlement of the Stock Units was fixed on January 17, 2019 in connection with the reporting person's retirement as Executive Chairman of the Issuer and transition into the role of Chairman Emeritus based on the average of the closing prices of the Issuer's Common Stock for the ten consecutive trading days ending on January 16, 2019.
- F3Pursuant to the terms of the Deferred Compensation Agreements, vested Stock Units are to be settled in cash based on the value of the Issuer's Common Stock, calculated in accordance with the terms of the Deferred Compensation Agreements, on the earlier of the termination of the reporting person's employment or the effective date of a Change-in-Control (as defined in the Deferred Compensation Agreements).