SEC Form 4 · accession 0001407739-16-000222
DUPONT FABROS TECHNOLOGY, INC. · DFT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John T Roberts Jr.
Director
Period of report
Jun 1, 2016
Accepted (ET)
Jun 3, 2016 · 9:26 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,F2,F3 | Jun 1, 2016 | A | 3,995 | $0.00 | A | 19,931 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Issuer's director compensation policy provides for a $80,000 annual cash retainer to the Reporting Person for his service as an independent director, and an additional $10,000 retainer for service as the company's lead independent director. The Reporting Person had made an election that any cash retainer approved for payment be paid in shares of the Issuer's common stock. On June 1, 2016, following the Reporting person's election to a one-year term as a director at the Issuer's annual meeting of stockholders held on the same day, the Compensation Committee of the Board of Directors of the Issuer's approved the payment of the annual retainer. Consequently, the stock award reported on this Form 4 includes shares of the Issuer's common stock related to the annual cash retainer.
- F2The Issuer's director compensation policy provides for a grant to the Reporting Person of an award of common stock in an amount equal to $80,000. On June 1, 2016, the Compensation Committee granted a stock award to each non-employee director in an annual amount equal to $80,000.
- F3The 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 June 1, 2016, or $42.55.