SEC Form 4 · accession 0001179110-17-004316
STAG Industrial, Inc. · STAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David G King
Officer — EVP and Director-Real Estate
Period of report
Mar 3, 2017
Accepted (ET)
Mar 9, 2017 · 2:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001479094
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 3, 2017 | A | 7,568 | — | A | 7,932 | D | |
| Common StockF1 | Mar 7, 2017 | S | 7,068 | $25.40 | D | 864 | D | |
| Common Stock | Mar 8, 2017 | G | 500 | $0.00 | D | 364 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Partnership UnitsF3,F2 | — | Mar 3, 2017 | C | 7,568 | D | — | — | Common Stock, par value $0.01 per share | 7,568 | 0 | D |
Explanation of responses
- F1The price represents the weighted average sale price of a series of individual sales. Individual sale prices ranged from $25.35 to $25.43. Upon request by the Securities and Exchange Commission, the issuer or a stockholder of the issuer, the reporting person will provide the number of shares sold at each separate price.
- F2The reporting person redeemed 7,568 common units of the limited partnership (the "OP Units") of STAG Industrial Operating Partnership, L.P. (the "Operating Partnership"), of which STAG Industrial, Inc. (the "Issuer") is the sole member of the general partner. The OP Units are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The Issuer elected to redeem the reporting person's OP Units with common stock.
- F3Represents OP Units in the Operating Partnership. OP Units may be redeemed for cash equal to the then-market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. OP Units do not have an expiration date.