SEC Form 4 · accession 0001533615-17-000011
Chiron Real Estate Inc. · XRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Busch
Officer — Chairman, President and CEO · Director
Period of report
Oct 11, 2017
Accepted (ET)
Oct 12, 2017 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001533615
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1,F3,F2 | — | Oct 11, 2017 | A | 32,787 | A | — | — | Common Stock | 32,787 | 111,475 | D |
Explanation of responses
- F1Represents units of limited partnership interest ("LTIP Units") in Global Medical REIT L.P. (the "OP"), the operating partnership of the Issuer.
- F2As described in the OP's partnership agreement, vested LTIP Units that have reached capital account parity with common units in the OP may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.
- F3LTIP Units vest in equal one-half installments on October 11 of 2018 and 2019.