SEC Form 4 · accession 0001209191-15-058099
VEREIT, Inc. · VER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul H McDowell
Officer — President, Office & Industrial
Period of report
Apr 1, 2015
Accepted (ET)
Jul 1, 2015 · 5:20 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 | 10,241 | $9.765 | A | 44,260 | D | |
| Common StockF3,F2 | Apr 1, 2015 | A | 20,481 | $9.765 | A | 64,741 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects restricted stock units awarded April 1, 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 April 1, 2015. 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.
- F2Reflects the applicable closing sale price as reported on the NASDAQ Global Select Market on April 1, 2015.
- F3Reflects performance-based restricted stock units awarded April 1, 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
This Form 4 represents a late filing for the Reporting Person. Mr. McDowell was first named as an Executive Officer of the Issuer for the year ended December 31, 2014 in the Issuer's Amended Annual Report on Form 10-K/A filed with the U.S. Securities and Exchange Commission on April 30, 2015.