SEC Form 4 · accession 0001179110-19-001066
SL GREEN REALTY CORP · SLG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew J. DiLiberto
Officer — Chief Financial Officer
Period of report
Jan 28, 2019
Accepted (ET)
Jan 29, 2019 · 7:09 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1,F2 | — | Jan 28, 2019 | A | 5,000 | A | — | — | Common Stock | 5,000 | 52,773 | D |
Explanation of responses
- F1Represents LTIP Units that had been granted subject to performance-based vesting hurdles for which the Compensation Committee of the Issuer determined on January 28, 2019 that the performance-based vesting hurdles were satisfied. The LTIP Units earned represent one-third of the performance-based LTIP Units granted to the reporting person pursuant to his employment agreement with the Issuer dated as of February 2, 2018.
- F2Represents LTIP Units issued pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (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 then 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 redemption right generally cannot be exercised until two years from the date of the grant, which will be February 2, 2020. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.