SEC Form 4 · accession 0001144204-16-087555
GETTY REALTY CORP /MD/ · GTY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leo Liebowitz
Director
Period of report
Mar 9, 2016
Accepted (ET)
Mar 11, 2016 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001052752
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 1,411,499 | D | ||
| Common StockF2,F3 | holding | — | — | — | 47,250 | I | By Liebowitz 2015 Family Trust | |
| Common Stock | holding | — | — | — | 414 | I | By 401(k) | |
| Common StockF4 | holding | — | — | — | 310,957 | I | By CLS | |
| Common StockF5 | holding | — | — | — | 0 | I | By Liebowitz Family LLC | |
| Common StockF6 | holding | — | — | — | 453,261 | I | By Liebowitz Realty LLC | |
| Common StockF7 | holding | — | — | — | 307,495 | I | By Spouse | |
| Common StockF8 | holding | — | — | — | 56,434 | I | Held by Charitable Foundation | |
| Common StockF9 | holding | — | — | — | 607,652 | I | By Liebowitz Realty II LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF12,F10,F11 | — | Mar 9, 2016 | A | 5,000 | A | — | — | Common Stock | 5,000 | 35,500 | D |
Explanation of responses
- F1Increase in securities is the result of a special stock dividend by the Issuer of which 20,157 shares were issued directly to the Reporting Person and 3,966 shares were re-distributed to the Reporting Person proportionate to his ownership of an S-corporation which had received the aforesaid special dividend and redistributed same in kind to its shareholders. See also footnote 5 below.
- F10Each RSU is settled for 1 share of common stock or the cash equivalent upon the settlement date noted in footnote (11) below.
- F11Restricted Stock Units vest ratably over five years commencing on the first anniversary of the date of grant and are settled in cash or common stock, in thediscretion of the Compensation Committee, upon the earlier of the tenth anniversary of the grant date or termination of employment.
- F12The RSUs were received by the Reporting Person for no consideration.
- F2n/a
- F3Mr. Liebowitz is not a beneficiary of the Trust and his spouse is the sole trustee of the Trust.
- F4An S-corporation in which the Reporting Person is a shareholder. Shares indicate Reporting Person's proportionate share.
- F5These shares (20,000) were previously erroneously reported as indirectly owned when in fact they are directly owned. This correction does not result in any change in the amount of securities beneficially owned by the Reporting Person.
- F6Increase in securities (3,261) is the result of a special stock dividend by the Issuer.
- F7Increase in securities (3,872) is the result of a special stock dividend by the Issuer.
- F8Increase in securities (710) is the result of a special stock dividend by the Issuer.
- F9Increase in securities (7,652) is the result of a special stock dividend by the Issuer.