SEC Form 4 · accession 0001144204-15-043029
Gramercy Property Trust Inc. · GPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey E Kelter
Director
Period of report
Jul 15, 2015
Accepted (ET)
Jul 17, 2015 · 12:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001287701
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2,F3 | — | Jul 15, 2015 | A | 448 | A | — | — | Common Stock | 448 | 49,904 | D |
Explanation of responses
- F1These phantom stock units were issued on July 15, 2015 in connection with the Company's second quarter dividend payable on phantom stock units outstanding as of June 30, 2015.
- F21 for 1.
- F3The phantom stock units become payable in common stock (or in certain cases in cash) upon (unless the reporting person elects otherwise in accordance with the documents governing the applicable program) the earlier of (i) the January 1 coincident with or next following the earlier of (A) the reporting person's ceasing to be a director, and (B) the reporting person's death, and (ii) a change of control of the Company (as determined under such governing documents).