SEC Form 4 · accession 0001181431-15-002253
Excel Trust, Inc. · EXL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Gary B Sabin
Officer — Chairman of the Board / CEO · Director
Period of report
Jan 13, 2015
Accepted (ET)
Feb 11, 2015 · 1:33 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 | Jan 13, 2015 | A | 48,000 | $0.00 | A | 494,054 | D | |
| Common StockF3 | holding | — | — | — | 595,376 | I | By Gary B. Sabin Family Trust dated May 20, 1982 |
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.
- F3The reported securities are owned directly by the Gary B. Sabin Family Trust dated May 20, 1982, of which the Reporting Person is the trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.