SEC Form 4 · accession 0001176373-17-000014
TIER REIT INC · TIER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott W Fordham
Officer — CEO and President · Director
Period of report
Jan 23, 2017
Accepted (ET)
Jan 25, 2017 · 12:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001176373
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 23, 2017 | A | 25,814 | $0.00 | A | 228,210 | 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 UnitsF3 | — | Jan 23, 2017 | A | 12,907 | A | — | — | Common Stock | — | 12,907 | D |
Explanation of responses
- F1Consists of restricted stock granted under the TIER REIT, Inc. 2015 Equity Incentive Plan that vests in equal installments on December 30, 2017, 2018 and 2019.
- F2Includes 118,751 shares of restricted stock awarded under the Company's 2005 Incentive Award Plan and 2015 Equity Incentive Plan, as applicable, subject to vesting.
- F3Represents a target number of restricted stock units granted under the Company's long-term incentive program. Such restricted stock units are subject to vesting based on the Company's annualized total stockholder return on an absolute basis during the performance measurement period beginning on January 1, 2017 and continuing through December 31, 2019. After the performance measurement period, the Company will issue a number of shares of common stock under the Company's 2015 Equity Incentive Plan based on the number of restricted stock units that vested.