SEC Form 4 · accession 0001297587-17-000002
Gramercy Property Trust · GPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gordon F Dugan
Officer — Chief Executive Officer · Director
Period of report
Dec 23, 2016
Accepted (ET)
Jan 4, 2017 · 12:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001297587
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F2 | Dec 23, 2016 | G | 13,333 | $0.00 | D | 626,180 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Share numbers have been updated to reflect the 1-for-3 reverse share split of Gramercy Property Trust ("Gramercy") completed on December 30, 2016.
- F2Of the 626,180 shares, 137,374 represent restricted shares and 39,872 represent restricted share units that are subject to future vesting. Of the 137,374 restricted shares, (i) 13,291 will vest June 30, 2017, (ii) 50,631 will vest on May 5, 2019, (iii) 25,703 will vest on June 23, 2019, (iv) 25,703 will vest on June 23, 2020, (v) 11,023 will vest on February 25, 2020, and (vi) 11,023 will vest on February 25, 2021, all subject to the continued employment of the reporting person through the respective vesting dates. The 39,872 restricted share units will all vest on June 30, 2017, subject to the continued employment of the reporting person through that date.