SEC Form 4 · accession 0001144204-15-072064
Gramercy Property Trust Inc. · GPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory F Hughes
Director
Period of report
Dec 17, 2015
Accepted (ET)
Dec 21, 2015 · 9:38 pm EST
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 | $0.00 | Dec 17, 2015 | D | 9,947 | D | — | — | Common Stock | 9,947 | 0 | D |
| Stock Options (Right to Buy)F2 | $12.20 | Dec 17, 2015 | D | 1,250 | D | — | Jan 2, 2023 | Common Stock | 1,250 | 0 | D |
| Stock Options (Right to Buy)F3 | $23.16 | Dec 17, 2015 | D | 1,250 | D | — | Jan 2, 2024 | Common Stock | 1,250 | 0 | D |
| Stock Options (Right to Buy)F4 | $24.59 | Dec 17, 2015 | D | 1,250 | D | — | Jul 29, 2025 | Common Stock | 1,250 | 0 | D |
Explanation of responses
- F1Disposed of in connection with the merger (the "merger") of issuer with and into a subsidiary of Gramercy Property Trust (formerly known as Chambers Street Properties, "Chambers") and the Director Deferral Plan.
- F2This option, which was fully vested at the time of the merger, was assumed by Chambers in connection with the merger and replaced with an option to purchase 3,987 common shares of beneficial interest of Chambers for $3.82 per share. This grant and all others prior to March 2015 have been adjusted to reflect the 1 for 4 reverse stock split that was completed on March 20, 2015.
- F3This option, which was fully vested at the time of the merger, was assumed by Chambers in the merger and replaced with an option to purchase 3,987 common shares of beneficial interest of Chambers for $7.26 per share.
- F4This option, which was fully vested at the time of the merger, was assumed by Chambers in the merger and replaced with an option to purchase 3,987 common shares of beneficial interest of Chambers for $7.71 per share.