SEC Form 4 · accession 0001209191-15-001075
AVIV REIT, INC. · AVIV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig M Bernfield
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001499686
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 31, 2014 | M | 32,414 | — | A | 229,523 | D | |
| Common Stock | Dec 31, 2014 | F | 15,092 | $34.48 | D | 214,431 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Dec 31, 2014 | M | 6,104 | D | — | — | Common Stock | 6,104 | 6,109 | D |
Explanation of responses
- F1Represents the vesting of performance-based restricted stock units ("RSUs"), the performance criteria for which was deemed satisfied as of December 31, 2014, and previously reported time-based RSUs.
- F2Each RSU represents a contingent right to receive one share of common stock of Aviv REIT, Inc.
- F3The RSUs vest on December 31, 2015 and may vest in full upon a change of control (as defined in the Aviv REIT, Inc. 2013 Long-Term Incentive Plan), subject in each case to the holder not incurring a termination through the vesting date.