SEC Form 4 · accession 0001343150-17-000002
InvenTrust Properties Corp. · IVT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Wierzbicki
Director
Period of report
Dec 30, 2016
Accepted (ET)
Jan 3, 2017 · 3:42 pm EST
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 | Dec 30, 2016 | M | 15,765 | — | A | 37,931 | D |
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 | — | Dec 30, 2016 | M | 35,032 | D | — | — | Common Stock | 35,032 | 0 | 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 were originally scheduled to vest on the date of the Issuer's next annual meeting of stockholders, which historically has been in December. Given that the Issuer's next annual meeting of stockholders will be in June 2017 rather than December 2016, the Issuer's Compensation Committee and Board of Directors have approved the acceleration of the vesting of these RSUs to December 30, 2016, given the effective date of Mr. Wierzbicki's resignation, which was December 31, 2016. The RSUs will be settled 45% in shares of the Issuer's common stock and 55% in cash within 60 days of the new vesting date.