SEC Form 4 · accession 0001181431-15-004157
CoreSite Realty Corp · COR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M. Ray
Officer — President and CEO · Director
Period of report
Mar 3, 2015
Accepted (ET)
Mar 5, 2015 · 7:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001490892
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F4 | Mar 3, 2015 | A | 27,431 | $0.00 | A | 342,757 | D | |
| Common StockF2 | Mar 3, 2015 | A | 32,002 | $0.00 | A | 374,759 | D | |
| Common StockF3 | holding | — | — | — | 2,000 | I | By family trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock granted under the issuer's 2010 Equity Incentive Award Plan. The restricted stock vests in three equal annual installments beginning on March 3, 2016, provided that the reporting person remains employed by the issuer as of each vesting date.
- F2Represents performance-based restricted shares ("PSAs") granted under the issuer's 2010 Equity Incentive Award Plan. The number of PSAs earned is based on the issuer's achievement of relative total shareholder return ("TSR") measured versus the MSCI US REIT Index over a three-year performance period ending December 31, 2017, and the number of shares earned may range from 25% to 175%. The PSAs are earned as follows: (i) 20% of the PSAs are earned upon TSR achievement in year one of the performance period, (ii) 20% of the PSAs are earned upon TSR achievement in year two of the performance period, (iii) 20% of the PSAs are earned upon TSR achievement in year three of the performance period, and (iv) 40% of the PSAs are earned upon a cumulative TSR achievement over the three-year performance period, subject to the reporting person's continued employment with the issuer at the end of the three-year performance period. The PSAs are granted and issued at 175% of the target amount.
- F3The reporting person is a co-trustee of the family trust.
- F4Reflects the forfeiture of 3,483 previously granted PSAs that did not vest based on the issuer's level of achievement of relative total shareholder return during the year ended December 31, 2014.