SEC Form 4 · accession 0001528985-17-000004
Inland Real Estate Income Trust, Inc. · INRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee A Daniels
Director
Period of report
Jun 13, 2017
Accepted (ET)
Jun 15, 2017 · 12:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001528985
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF1,F2 | $0.00 | Jun 13, 2017 | A | 1,105 | A | — | — | Common Stock | 1,105 | 2,291 | D |
Explanation of responses
- F1Restricted share units (RSUs) were granted to the reporting person pursuant to the Issuer's Employee and Director Restricted Share Plan. Each RSU represents the right to receive one share of the Issuer's common stock and an amount equal to the cash value of the dividends that would have been paid to the reporting person if one share of common stock had been issued on the grant date for each RSU granted to the reporting person under this award. These RSUs were issued on account of the reporting person's service as a non-employee director of the Issuer and without additional consideration. The RSUs become vested in equal installments of 33-1/3% on 6/13/18, 6/13/19 and 6/13/20, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested RSU's becomes fully vested upon the consummation of a liquidity event.
- F2The RSUs will be settled in shares of common stock on the earliest of: 6/1/20, upon the reporting person's death, upon the person's disability, upon the reporting person's separation from service or upon a change in control event.