SEC Form 4 · accession 0001209191-16-142778
DCT Industrial Trust Inc. · DCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip L Hawkins
Officer — President and CEO · Director
Period of report
Sep 22, 2016
Accepted (ET)
Sep 26, 2016 · 4:16 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001170991
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 22, 2016 | M | 50,174 | $45.84 | A | 145,529 | D | |
| Common Stock | Sep 22, 2016 | M | 30,000 | $34.56 | A | 175,529 | D | |
| Common Stock | Sep 22, 2016 | F | 71,705 | $49.27 | D | 103,824 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1,F2 | $45.84 | Sep 22, 2016 | M | 50,174 | D | — | Jan 11, 2017 | Common Stock | 50,174 | 0 | D |
| Stock OptionF1,F3 | $34.56 | Sep 22, 2016 | M | 30,000 | D | — | Feb 11, 2018 | Common Stock | 30,000 | 59,843 | D |
Explanation of responses
- F1On November 17, 2014, the Issuer effected a one-for-four reverse stock split of its Common Stock (the "Reverse Stock Split"). The exercise prices and number of securities beneficially owned were adjusted by multiplying or dividing each by four, as applicable, to reflect the Reverse Stock Split.
- F2The Stock Options ("Options") were granted under the Issuer's Long-Term Incentive Plan. The Options vested over five years: 20% on October 10, 2007 and 20% on each of October 10, 2008, 2009, 2010 and 2011.
- F3The Options were granted under the Issuer's Long-Term Incentive Plan. The Options vested over four years: 25% on January 1, 2009, and 25% on each of January 1, 2010, 2011 and 2012.