SEC Form 4 · accession 0001407739-16-000212
DUPONT FABROS TECHNOLOGY, INC. · DFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lammot J du Pont
Officer — Chairman of the Board · Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 9:10 am 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 | Jun 1, 2016 | A | 3,760 | $0.00 | A | 119,313 | D | |
| Common Stock | Jun 1, 2016 | F | 1,443 | $42.55 | D | 117,870 | D | |
| Common Stock | holding | — | — | — | 33,972 | I | By Corporation |
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 | 1,813,084 | 1,813,084 | I |
| OP UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 204,095 | 204,095 | I |
| OP UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 1,250,109 | 1,250,109 | D |
| OP UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 289,025 | 289,025 | I |
Explanation of responses
- F1On June 1, 2016, pursuant to the Issuer's compensation policy for the Chairman of the Board, the Compensation Committee granted to the Reporting Person of an award of common stock in an amount equal to $80,000. The number of shares of common stock granted for the award described above was based on the average of the opening and closing price per share of the Issuer's common stock on June 1, 2016, or $42.55.
- F2Shares withheld by Issuer to satisfy minimum statutory withholding requirements on award of 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.