SEC Form 4 · accession 0001209191-17-040818
INDEPENDENCE REALTY TRUST, INC. · IRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James J Sebra
Officer — CFO & Treasurer
Period of report
Jun 15, 2017
Accepted (ET)
Jun 19, 2017 · 4:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001466085
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 15, 2017 | M | 8,000 | $8.20 | A | 60,133 | D | |
| Common Stock | Jun 15, 2017 | D | 6,502 | $10.09 | D | 53,631 | D | |
| Common Stock | Jun 15, 2017 | F | 798 | $10.09 | D | 52,833 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF2 | $8.20 | Jun 15, 2017 | M | 8,000 | D | — | Jan 31, 2019 | Common Stock | 8,000 | 0 | D |
Explanation of responses
- F1The reporting person elected to satisfy the tax withholding obligations of the issuer with respect to the exercise of a portion of the reporting person's stock appreciation rights, which exercise was being settled with shares of common stock of the issuer, by having shares of common stock withheld from the shares of common stock issued in connection with such settlement. The shares of common stock so withheld are being reported herein as a disposition to the issuer. The aggregate value of the shares of common stock so withheld was based on the closing price of the shares of common stock on the NYSE MKT on the relevant settlement date which was $10.09 on June 15, 2017 and did not exceed the maximum applicable withholding tax rate for federal (including FICA), state, local and other tax liabilities.
- F2These stock appreciation rights vested in three equal installments beginning on January 31, 2015.