SEC Form 4 · accession 0001209191-15-031478
VEREIT, Inc. · VER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Sodo
Officer — EVP, CFO and Treasurer
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 4:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001507385
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 1, 2015 | A | 35,912 | $9.05 | A | 48,666 | D | |
| Common StockF3,F2 | Apr 1, 2015 | A | 35,912 | $9.05 | A | 84,578 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Performance-based restricted stock units granted April 1, 2015 to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units will vest in three equal installments on each of the first, second and third anniversaries of October 29, 2014 (the "Commencement Date"), the commencement date of Mr. Sodo's tenure as Executive Vice President, Chief Financial Officer and Treasurer, subject to the achievement of the Performance Condition. The Performance Condition requires that the closing price of the Issuer's common stock on the NASDAQ Global Select Market must be $10.00 per share or more for 20 consecutive trading days at any time from the date of grant through December 31, 2017. The restricted stock units will not vest on the three anniversaries of the Commencement Date unless the Performance Condition is met.
- F2Reflects the closing sale price as reported on the NASDAQ Global Select Market on December 31, 2014.
- F3Reflects restricted stock units granted April 1, 2015 to the Reporting Person pursuant to the Issuer's Equity Plan. These restricted stock units vest in three equal installments on each of the first, second and third anniversaries of the Commencement Date.