SEC Form 4 · accession 0001209191-15-042235
VEREIT, Inc. · VER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn J Rufrano
Officer — CEO · Director
Period of report
May 11, 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,F2 | May 11, 2015 | A | 341,356 | $9.765 | A | 356,356 | D | |
| Common StockF3,F2 | May 11, 2015 | A | 273,085 | $9.765 | A | 629,441 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects restricted stock units awarded May 11, 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 April 1, 2015, the commencement date of Mr. Rufrano's tenure as Chief Executive Officer and Director.
- F2Reflects the closing sale price as reported on the NASDAQ Global Select Market on April 1, 2015.
- F3Reflects 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.