SEC Form 4 · accession 0001209191-15-042233
VEREIT, Inc. · VER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gavin Brandon
Officer — See Remarks
Period of report
Feb 14, 2015
Accepted (ET)
May 13, 2015 · 4:07 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,F3 | Feb 14, 2015 | F | 517 | $9.40 | D | 12,464 | D | |
| Common StockF2,F4 | May 11, 2015 | A | 11,050 | $9.05 | A | 23,514 | D | |
| Common StockF5,F4 | May 11, 2015 | A | 22,100 | $9.05 | A | 45,614 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects the product of the applicable withholding rate and the 1,461 shares that vested pursuant to the terms of the Reporting Person's restricted share award agreement.
- F2Reflects restricted stock units awarded May 11, 2015 to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units vest in three equal installments on each of the first, second and third anniversaries of October 28, 2014, the commencement date of Mr. Brandon's tenure as Senior Vice President & Chief Accounting Officer.
- F3Reflects the applicable closing sale price as reported on the NASDAQ Global Select Market on February 13, 2015.
- F4Reflects the closing sale price as reported on the NASDAQ Global Select Market on December 31, 2014.
- F5Reflects performance-based restricted stock units awarded May 11, 2015 to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units will vest subject to the achievement of certain performance conditions, which are based on the Company's total shareholder return relative to its peers and NAREIT equity market indices. The performance period began April 1, 2015 and ends December 31, 2017. The Reporting Person disclaims ownership of these securities, as he does not have the right to acquire beneficial ownership at any time within 60 days of the date of this filing.
Remarks
Senior Vice President & Chief Accounting Officer