SEC Form 4 · accession 0001600554-16-000001
Chiron Real Estate Inc. · XRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Alan Young
Officer — Chief Executive Officer · Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 4:33 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 UnitF1,F3,F2 | — | Jul 1, 2016 | A | 18,000 | A | — | — | Common Stock | 90,000 | 90,000 | 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 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 installments on December 1 of each of 2016, 2017, 2018, 2019 and 2020.