SEC Form 4 · accession 0001307748-18-000055
InvenTrust Properties Corp. · IVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas P McGuinness
Officer — President and CEO · Director
Period of report
May 8, 2018
Accepted (ET)
May 10, 2018 · 5:28 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 | May 10, 2018 | A | 557,325 | $0.00 | A | 1,616,737 | D |
Table II — derivative securities
No Table II lines on this filing.
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. Thirty-three percent (33%) of the RSUs will vest on December 31, 2018, thirty-three percent (33%) of the RSUs will vest on December 31, 2019 and the remaining thirty-four percent (34%) of the RSUs will vest on December 31, 2020, subject to the officer's continued service on each applicable vesting date. The RSUs are subject to accelerated vesting in the event of a termination of employment (i) due to death or disability or (ii) by the Issuer without cause or by the holder for good reason, each within 24 months following a change in control of the Issuer. The RSUs will be settled in shares of the Issuer's common stock within 60 days after the vesting date.