SEC Form 4 · accession 0001209191-17-031921
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
May 10, 2017
Accepted (ET)
May 12, 2017 · 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 | May 10, 2017 | M | 59,843 | $34.56 | A | 142,167 | D | |
| Common Stock | May 10, 2017 | F | 49,386 | $51.36 | D | 92,781 | D | |
| Common StockF1 | May 10, 2017 | S | 19,731 | $51.39 | D | 73,050 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $34.56 | May 10, 2017 | M | 59,843 | D | — | Feb 11, 2018 | Common Stock | 59,843 | 0 | D |
Explanation of responses
- F1The price reported represents the weighted average sale price of the shares sold. The prices of the shares sold in the transaction ranged from $51.30 to $51.49. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
- F2The Stock Options ("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.