SEC Form 4 · accession 0001510192-18-000038
Sabra Health Care REIT, Inc. · SBRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard K Matros
Officer — Chairman, CEO and President · Director
Period of report
Mar 4, 2018
Accepted (ET)
Mar 6, 2018 · 9:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001492298
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 4, 2018 | A | 6,702 | $0.00 | A | 158,531 | D | |
| Common StockF2 | Mar 4, 2018 | F | 1,632 | $17.09 | D | 156,899 | D | |
| Common StockF3,F4 | Mar 4, 2018 | G | 5,070 | $0.00 | D | 151,829 | D | |
| Common StockF3 | Mar 4, 2018 | G | 5,070 | $0.00 | A | 1,022,379 | I | By R&A Matros Revocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of the Issuer's Common Stock issued under the Issuer's 2009 Performance Incentive Plan subject to a funds from operations-based stock unit ("FFO units") award granted on December 9, 2014, including 1,441 shares with respect to dividend equivalent payments calculated on the basis of the market value of the Issuer's Common Stock on the applicable dividend date. The Compensation Committee determined on March 4, 2018 that the number of FFO units earned was 20% of the target. Upon this determination, the FFO units vested immediately. Each FFO unit represented a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's achievement of an earnings per share target for a performance period beginning January 1, 2015 and ending December 31, 2015 and a funds from operations target for a performance period beginning January 1, 2017 and ending December 31, 2017.
- F2Represents shares withheld by the Issuer in accordance with Rule 16b-3 to satisfy tax withholding obligations in connection with the vesting of the FFO units, as reported herein.
- F3Represents shares of the Issuer's Common Stock acquired in connection with the vesting of the FFO units that have been transferred by the reporting person to the R&A Matros Revocable Trust.
- F4Consists of stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.