SEC Form 4 · accession 0001407739-15-000016
DUPONT FABROS TECHNOLOGY, INC. · DFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hossein Fateh
Director
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 4:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001407739
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 17, 2015 | A | 55,742 | $0.00 | A | 65,687 | D | |
| Common Stock | Feb 17, 2015 | F | 23,800 | $0.00 | D | 41,887 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 1,750,000 | 1,750,000 | D |
| OP UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 344,930 | 344,930 | I |
Explanation of responses
- F1As disclosed in the Issuer's current report on Form 8-K, filed on February 4, 2015, pursuant to the Separation Agreement and General Release, dated February 2, 2015, between the Issuer and Mr. Fateh, on February 17, 2015, the effective date of Mr. Fateh's resignation as the Issuer's President and Chief Executive Officer, the Issuer granted Mr. Fateh the number of shares of the Issuer's common stock, with a value of $1.75 million, with the number of shares of common stock awarded determined based on the average of the opening and closing price per share of the Issuer's common stock on February 17, 2015, or $31.395.
- F2Shares withheld by Registrant to satisfy minimum statutory withholding requirements on vesting of restricted stock.
- F3"OP Units" represent limited partner interests of DuPont Fabros Technology, L.P., a Maryland limited partnership (the "OP"), the operating partnership of DuPont Fabros Technology, Inc. (the "Issuer"), of which the Issuer is the sole general partner. OP Units are redeemable twelve (12) months from the transaction date pursuant to which the OP units were issued for cash equal to the ten-current market value of one share of the Issuer's common stock, or, at the election of the Issuers, and equal number of shares of the Issuer's common stock.
- F4All of these OP Units are immediately redeemable (subject to certain limitations set forth in agreement of limited partnership of the OP). OP Units have no expiration date.