SEC Form 4 · accession 0001507385-17-000025
VEREIT, Inc. · VER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn J Rufrano
Officer — Chief Executive Officer · Director
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 4:53 pm EST
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 | Feb 22, 2017 | A | 187,266 | $8.90 | A | 1,646,270 | D | |
| Common StockF3,F2 | Feb 22, 2017 | A | 374,532 | $8.90 | A | 2,020,802 | D | |
| Common StockF4,F5 | Feb 23, 2017 | F | 31,466 | $8.93 | D | 1,989,336 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects restricted stock units awarded February 22, 2017 to the Reporting Person pursuant to the Issuer's Equity Plan. Such restricted stock units vest ratably on each of the first, second and third anniversaries of February 23, 2017.
- F2Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 22, 2017.
- F3Reflects performance-based restricted stock units awarded February 22, 2017 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 Issuer's total stockholder return relative to its peers and NAREIT equity market index. The performance period began January 1, 2017 and ends December 31, 2019.
- F4Reflects the product of the applicable withholding rate and the 85,361 shares of common stock that vested pursuant to the terms of the Reporting Person's restricted stock unit award agreement.
- F5Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 23, 2017.