SEC Form 4 · accession 0001407739-15-000077
DUPONT FABROS TECHNOLOGY, INC. · DFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hossein Fateh
Director
Period of report
May 26, 2015
Accepted (ET)
May 28, 2015 · 5:46 pm EDT
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 | May 26, 2015 | S | 50,000 | $31.9416 | D | 99,686 | D | |
| Common StockF2 | May 27, 2015 | S | 50,000 | $32.4467 | D | 49,686 | D | |
| Common StockF3 | May 27, 2015 | A | 1,535 | $0.00 | A | 51,221 | D | |
| Common StockF4 | May 28, 2015 | S | 49,186 | $32.4841 | D | 2,035 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | 1,750,000 | 1,750,000 | D |
| OP UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | 344,930 | 344,930 | I |
Explanation of responses
- F1Represents the weighted average per share sale price, with per sale price ranging from 31.77 to 32.24. Upon request by the Commission, the reporting person will provide full information regarding the number of shares sold at each separate price.
- F2Represents the weighted average per share sale price, with per sale price ranging from 32.12 to 32.77. Upon request by the Commission, the reporting person will provide full information regarding the number of shares sold at each separate price.
- F3The Issuer's director compensation policy provides for a grant to the Reporting Person of an award of common stock in an amount equal to $50,000. On May 27, 2015 the Compensation Committee granted a stock award to each non-employee director in an annual amount equal to $50,000. The number of shares of common stock granted for all of the awards described above was based on the average of the opening and closing price per share of the Issuer's common stock on May 27, 2015, or $32.58.
- F4Represents the weighted average per share sale price, with per sale price ranging from 32.34 to 32.65. Upon request by the Commission, the reporting person will provide full information regarding the number of shares sold at each separate price
- F5"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.
- F6All 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.