SEC Form 4 · accession 0001507385-19-000038
VEREIT, Inc. · VER
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul H McDowell
Officer — See Remarks
Period of report
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 4:32 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 20, 2019 | A | 62,807 | $8.16 | A | 424,339 | D | |
| Common StockF3,F2 | Feb 20, 2019 | A | 62,806 | $8.16 | A | 487,145 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $8.26 | Feb 20, 2019 | A | 405,405 | A | Feb 20, 2022 | Feb 20, 2029 | Common Stock | 405,405 | 800,142 | D |
Explanation of responses
- F1Reflects restricted stock units awarded February 20, 2019 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, 2019.
- F2Reflects the closing sale price of the Issuer's common stock as reported on the New York Stock Exchange on February 20, 2019.
- F3Reflects performance-based restricted stock units awarded February 20, 2019 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, 2019 and ends December 31, 2021.
- F4The stock option vests and becomes exercisable on February 20, 2022.
Remarks
Executive Vice President and Chief Operating Officer