SEC Form 4 · accession 0001287865-16-000042
MEDICAL PROPERTIES TRUST INC · MPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Kevin Hanna
Officer — VP, Controller, and CAO
Period of report
Sep 13, 2016
Accepted (ET)
Sep 15, 2016 · 5:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001287865
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $0.001F1 | Sep 13, 2016 | A | 6,000 | $0.00 | A | 73,343 | D | |
| Common stock, par value $0.001F2,F3 | Sep 13, 2016 | A | 24,000 | $0.00 | A | 97,343 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares vest at the beginning of each calendar quarter ending March 31, 2019; dividends are paid currently.
- F2Up to 50% of the shares may be earned based on the achievement of a three-year cumulative total shareholder return as compared to pre-established multi-level returns set by our compensation committee. If the cumulative shareholder return is less than or equal to 27.0% for the three-year period, no shares will be earned, whereas if a total shareholder return of 35.0% or greater is achieved for the same period, then 100% of these shares will be earned. At the end of the three-year performance period, any earned shares will be subject to an additional two years of ratable time-based vesting on an annual basis. Dividends are paid on these shares only upon achievement of the performance measures.
- F3The remaining 50% of the shares will be earned similar to that described above; however, the performance measure is against the MSCI US REIT Index (Index). If our total shareholder return over the three-year cumulative period is less than the Index minus 3%, then no shares will be earned, whereas if our total shareholder return is greater than the Index plus 3% for the same period, then 100% of these shares will be earned. At the end of the three-year performance period, any earned shares will be subject to an additional two years of ratable time-based vesting on an annual basis. Dividends are paid on these shares only upon achievement of the performance measures.