SEC Form 4 · accession 0001181431-15-002250
Excel Trust, Inc. · EXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark T Burton
Officer — CIO, SVP - Acquisitions · Director
Period of report
Jan 13, 2015
Accepted (ET)
Feb 11, 2015 · 1:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001478950
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jan 13, 2015 | A | 11,678 | $0.00 | A | 129,271 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of performance-based restricted stock that will vest subject to the Issuer's performance during fiscal 2015.
- F2Reflects the forfeiture of an aggregate of 2,582 shares of performance-based restricted stock originally granted to the Reporting Person on March 18, 2014, which shares were forfeited pursuant to their terms on January 1, 2015 as a result of the Issuer's failure to achieve certain threshold performance levels during fiscal 2014 required for vesting of the shares subject to such restricted stock awards.
- F3Includes 1,111 shares previously held by Excel Realty Fund, LP which were previously indirectly held by the Reporting Person and which have been transferred to the Reporting Person.