SEC Form 4 · accession 0001140361-15-009109
KITE REALTY GROUP TRUST · KRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Kite
Officer — Chairman & CEO · Director
Period of report
Feb 26, 2015
Accepted (ET)
Feb 26, 2015 · 4:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001286043
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF4 | Feb 26, 2015 | F | 8,506 | $29.22 | D | 333,896 | D | |
| Common Shares | holding | — | — | — | 2,098 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Limited Partnership Units of Kite Realty Group, L.P.F1 | — | holding | — | — | — | — | — | Common Shares | 513,723 | 513,723 | D |
| Limited Partnership Units of Kite Realty Group, L.P.F2,F3 | — | holding | — | — | — | — | — | Common Shares | 42,500 | 42,500 | I |
Explanation of responses
- F1Common Shares of beneficial interest, par value $.01 per share (the "Common Shares") are issued upon the redemption and tender of Limited Partnership units ("LP Units") of Kite Realty Group L.P. on a one for one basis. LP Units have no expiration date, and they are all currently redeemable.
- F2These units are owned by a limited liability company in which Mr. Kite is a partner.
- F3LP Units are redeemable for an equal number of Common Shares of Kite Realty Group Trust ("Kite") or, at the election of Kite, cash equal to the fair market value of such shares. As noted in Footnote 1 above, units have no expiration date and are all currently redeemable for Common Shares or cash at the election of Kite.
- F4The disposition represents the surrender of common shares to fund income taxes due upon the vesting of restricted shares.