SEC Form 4 · accession 0000931017-17-000005
New York REIT, Inc. · NYRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M Kahane
Director
Period of report
May 18, 2017
Accepted (ET)
May 25, 2017 · 12:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001474464
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 18, 2017 | C | 5,640 | — | A | 153,838 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1 | — | May 18, 2017 | C | 5,640 | A | — | — | Common Stock | 5,640 | 0 | D |
Explanation of responses
- F1On May 18, 2017, in accordance with the Issuer's Multi-Year Outperformance Agreement, Long Term Incentive Plan Units ("LTIP Units") were issued to the Issuer's prior advisor, 5,640 of which were allocated to the reporting person and vested immediately. As a result, on May 18, 2017 the reporting person redeemed 5,640 LTIP Units in exchange for an equal number of shares of the Issuer's common stock. Terms of the LTIP Units were previously reported and described on the reporting person's Form 4 filed on April 17, 2014.
- F2Includes 16,000 shares of common stock issued pursuant to the Issuer's Restricted Share Plan. Restricted shares vest over a five year period beginning on April 15, 2015 in increments of 20% per annum.