SEC Form 4 · accession 0001176373-17-000078
TIER REIT INC · TIER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Sharp
Officer — Executive VP - Capital Markets
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 11:23 am EDT
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 | May 10, 2017 | A | 2,735 | $0.00 | A | 34,058 | D | |
| Common StockF3,F2 | May 10, 2017 | A | 9,086 | $0.00 | A | 43,144 | 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 UnitsF4 | — | May 10, 2017 | A | 1,368 | A | — | — | Common Stock | — | 1,368 | 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.
- F2Including awards being reported, includes 25,401 shares of restricted stock awarded under the Company's 2005 Incentive Award Plan and 2015 Equity Incentive Plan, as applicable, subject to vesting.
- F3Consists of restricted stock granted under the TIER REIT, Inc. 2015 Equity Incentive Plan that vests on December 30, 2019.
- F4Represents 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.