SEC Form 4 · accession 0001144204-16-078891
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
Feb 1, 2016
Accepted (ET)
Feb 3, 2016 · 9:26 pm EST
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 | Feb 1, 2016 | C | 350,544 | — | A | 403,247 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Partnership UnitsF1,F2 | — | Feb 1, 2016 | C | 350,544 | D | — | — | Common Stock | 350,544 | 87,637 | D |
Explanation of responses
- F1On February 1, 2016, the reporting person redeemed 350,544 units of limited partnership interest ("OP Units") in New York Recovery Operating Partnership, L.P. (the "Operating Partnership") in exchange for 350,544 shares of common stock of New York REIT, Inc. (the "Company") in accordance with the terms and conditions of the limited partnership agreement of the Operating Partnership.
- F2OP Units are exchangeable for cash or, at the option of the Operating Partnership, shares of the Company's common stock on a one-to-one basis. OP Units are exchangeable, except under certain limited circumstances, beginning one year from the date of issuance, which includes the holding period of any units that were converted into OP Units, and have no expiration date.