SEC Form 4 · accession 0001209191-17-020938
CoreSite Realty Corp · COR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derek McCandless
Officer — SVP, Legal and General Counsel
Period of report
Mar 13, 2017
Accepted (ET)
Mar 15, 2017 · 7:59 pm EDT
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 StockF2,F3 | Mar 13, 2017 | S | 3,680 | $88.04 | D | 65,177 | D | |
| Common StockF2,F4 | Mar 13, 2017 | S | 218 | $88.48 | D | 64,959 | D | |
| Common Stock | Mar 14, 2017 | M | 4,126 | $23.99 | A | 69,085 | D | |
| Common Stock | Mar 14, 2017 | M | 9,628 | $32.40 | A | 78,713 | D | |
| Common StockF5,F6 | Mar 14, 2017 | S | 9,000 | $87.72 | D | 69,713 | D | |
| Common StockF7 | Mar 15, 2017 | S | 6,809 | $88.36 | D | 62,904 | D | |
| Common StockF8 | Mar 15, 2017 | S | 3,191 | $89.14 | D | 59,713 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F9 | $23.99 | Mar 14, 2017 | M | 4,126 | D | — | Apr 5, 2022 | Common Stock | 4,126 | 0 | D |
| Stock Option (Right to Buy)F10 | $32.40 | Mar 14, 2017 | M | 9,628 | D | — | Feb 28, 2023 | Common Stock | 9,628 | 0 | D |
Explanation of responses
- F1The option exercises and sales were effected pursuant to a sales plan adopted by the reporting person and intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934.
- F10The stock options vest in four equal annual installments beginning on February 28, 2014, provided that the reporting person remains in continuous service with the issuer as of each vesting date.
- F2Represents shares sold by the reporting person to cover tax obligations upon the vesting of restricted stock.
- F3The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $87.39 to $88.37, inclusive. The reporting person undertakes to provide to the issuer, any shareholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 3, 4, 6, 7 and 8.
- F4The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $88.42 to $88.54, inclusive.
- F5Represents shares sold by the reporting person to cover the exercise price and tax obligations upon the exercise of the options.
- F6The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $87.44 to $88.21, inclusive.
- F7The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $87.98 to $88.97, inclusive.
- F8The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $88.98 to $89.46, inclusive.
- F9The stock options vest in four equal annual installments beginning on April 5, 2013, provided that the reporting person remains in continuous service with the issuer as of each vesting date.