SEC Form 4 · accession 0001297587-17-000099
Gramercy Property Trust · GPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin P Harris
Officer — President
Period of report
Jun 30, 2017
Accepted (ET)
Jul 5, 2017 · 2:49 pm EDT
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,F3,F4 | Jun 30, 2017 | F | 4,026 | $29.71 | D | 122,352 | D | |
| Common SharesF5,F2,F3,F4 | Jun 30, 2017 | F | 12,251 | $29.71 | D | 110,101 | D | |
| Common SharesF6,F3,F4 | Jun 30, 2017 | S | 5,000 | $29.6828 | D | 105,101 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares retained by the Issuer to satisfy tax withholding obligations on 7,974 shares issued in settlement of restricted shares awards granted to the reporting person in July 2012.
- F2Represents the closing price of the Issuer's Common Shares on the New York Stock Exchange on June 30, 2017.
- F3Share numbers have been updated to reflect the 1-for-3 reverse share split of Gramercy Property Trust ("Gramercy") completed on December 30, 2016.
- F4Of the total amount of shares, 43,465 represent restricted shares that are subject to future vesting. Of the 43,465 restricted shares, (i) 10,709 will vest on June 23, 2019, (ii) 10,710 will vest on June 23, 2020, (iii) 11,023 will vest on February 25, 2020, and (iv) 11,023 will vest on February 25, 2021, all subject to the continued employment of the reporting person through the respective vesting dates.
- F5Represents shares retained by the Issuer to satisfy tax withholding obligations on 23,923 shares issued in settlement of restricted share units granted to the reporting person in July 2012.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.53 to $29.77, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.