SEC Form 4 · accession 0001307748-17-000046
InvenTrust Properties Corp. · IVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paula Saban
Director
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 5:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001307748
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 1, 2017 | M | 15,765 | — | A | 36,390 | I | Through the Paula J. Saban Living Trust |
| Common StockF3,F2 | Jun 1, 2017 | M | 10,449 | — | A | 46,839 | I | Through the Paula J. Saban Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Jun 1, 2017 | M | 48,964 | D | — | — | Common Stock | 48,964 | 0 | D |
| Restricted Stock UnitsF4 | — | Jun 1, 2017 | A | 33,435 | A | — | — | Common Stock | 33,435 | 33,435 | D |
Explanation of responses
- F1Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan. The RSUs vest in full on June 1, 2017 and will be settled 75% in shares of the Issuer's common stock and 25% in cash within 60 days after the vesting date.
- F2The reporting person and her spouse are trustees and beneficiaries of the Paula J. Saban Living Trust, which is the record holder of these securities.
- F3Each Restricted Stock Unit ("RSU") represented a contingent right to receive one share of the Issuer's common stock pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan. The RSUs vested on June 1, 2017, and will be settled 75% in shares of the Issuer's common stock and 25% in cash within 60 days after the vesting date.
- F4Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan. The RSUs vest on the earlier of (i) the date of the next annual meeting of the Issuer's stockholders following the grant date or (ii) the first anniversary of the grant date, subject to the director's continued service on the vesting date. The RSUs are subject to accelerated vesting in the event of a termination of service due to death or disability or a change in control of the Issuer. The RSUs will be settled 75% in shares of the Issuer's common stock and 25% in cash within 60 days after the vesting date (or in the event of a change in control of the Issuer, immediately preceding and effective upon such change in control).