SEC Form 4 · accession 0001507385-18-000098
VEREIT, Inc. · VER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hugh R Frater
Director · Other
Period of report
May 3, 2018
Accepted (ET)
May 7, 2018 · 5:38 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 3, 2018 | A | 18,248 | $6.85 | A | 55,734 | D | |
| Common Stock | holding | — | — | — | 72,000 | I | Purchased by a revocable trust of which the Reporting Person is a trustee. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects deferred stock units awarded May 3, 2018 in respect of the annual equity retainer due to the Reporting Person, for the Reporting Person's service as an independent director. Such deferred stock units will be settled in common stock upon the earlier of three years from the date of grant, the Reporting Person's death and the Reporting Person's separation from service from the Issuer.
- F2Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on May 3, 2018.