SEC Form 4 · accession 0001297587-17-000178
Gramercy Property Trust · GPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward J Matey Jr.
Officer — EVP, Secretary + Gen. Counsel
Period of report
Dec 15, 2017
Accepted (ET)
Dec 18, 2017 · 5:10 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,F3,F4 | Dec 15, 2017 | F | 578 | $27.76 | D | 42,765 | D | |
| Common SharesF5,F2,F3,F4 | Dec 15, 2017 | F | 2,002 | $27.76 | D | 40,763 | 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 1,329 shares issued in settlement of restricted shares awards granted to the reporting person in March 2013.
- F2Represents the closing price of the Issuer's Common Shares on the New York Stock Exchange on December 15, 2017.
- F3Share numbers have been updated to reflect the 1-for-3 reverse share split of Gramercy Property Trust completed on December 30, 2016.
- F4Of the total amount of shares, 2,142 represent restricted shares that are subject to future vesting. Of the 2,142 restricted shares, (i) 1,071 will vest on June 23, 2019, (ii) 1,071 will vest on June 23, 2020, 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 3,987 shares issued in settlement of restricted share units granted to the reporting person in March 2013.