SEC Form 4 · accession 0001144204-19-012352
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 1, 2019
Accepted (ET)
Mar 5, 2019 · 7:27 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 StockF4,F1 | Mar 1, 2019 | M | 2,500 | — | A | 1,188,983 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF3,F1,F2 | — | Mar 1, 2019 | A | 7,000 | A | — | — | Common Stock | 7,000 | 53,500 | D |
| Restricted Stock UnitF4,F1,F2 | — | Mar 1, 2019 | M | 2,500 | D | — | — | Common Stock | 2,500 | 51,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit (RSU) is settled, at the discretion of the Compensation Committee, in one(1) share of common stock or in cash in an amount equal to the fair market value of one(1) share of common stock, on the settlement date noted in footnote (2) below.
- F2RSUs vest ratably over five years commencing on the first anniversary of the date of grant and, to the extent unvested, fully vest (i) if the director is notnominated for re-election or is not re-elected by the stockholders, or (ii) upon death. RSUs are settled in cash or common stock, in the discretion of theCompensation Committee, upon the earlier of the tenth anniversary of the grant date (or the tenth anniversary of the first vesting date, for RSUs granted in 2016-2018), or termination of service as a director.
- F3The RSUs were received by the Reporting Person for no consideration.
- F4The transaction represents settlement of fully-vested RSUs in shares of common stock pursuant to the terms of a 2009 Restricted Stock Unit Agreement.