SEC Form 4 · accession 0001286043-16-000123
KITE REALTY GROUP TRUST · KRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel R Sink
Officer — Executive VP & CFO
Period of report
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 4:37 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 SharesF1 | Feb 17, 2016 | A | 2,265 | $26.48 | A | 76,436 | D | |
| Common SharesF2 | Feb 18, 2016 | F | 1,018 | $26.64 | D | 75,418 | D | |
| Common Shares | holding | — | — | — | 1,000 | I | By Children |
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.F4,F3 | — | Feb 17, 2016 | A | 8,157 | A | — | — | Common Shares | 8,157 | 60,185 | D |
Explanation of responses
- F1Represents an award of restricted shares which will vest over 3 years as follows: 1/3 of the total number of restricted shares vest on each anniversary of the grant date.
- F2The disposition represents the surrender of common shares to fund income taxes due upon the vesting of restricted shares.
- F3Common shares of benefical 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 currently redeemable for Common Shares or cash at the election of Kite Realty Group Trust.
- F4Represents the LTIP units pursuant to the Kite Realty Group Trust 2013 Equity Incentive Plan. LTIP units will vest in equal amounts on 2/17/17, 2/17/18, 2/17/19, 2/17/20, and 2/17/21.