SEC Form 4 · accession 0001176373-18-000044
TIER REIT INC · TIER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Schelin Telisa Webb
Officer — Chief Legal Officer, EVP & Sec
Period of report
Feb 8, 2018
Accepted (ET)
Feb 12, 2018 · 7:04 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 | Feb 8, 2018 | A | 10,720 | $0.00 | A | 76,700 | 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 | — | Feb 8, 2018 | A | 5,360 | A | — | — | Common Stock | — | 5,360 | 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, 2018, 2019 and 2020.
- F2Includes 22,790 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, 2018 and continuing through December 31, 2020. 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.