SEC Form 4 · accession 0001144204-16-111200
QTS Realty Trust, Inc. · QTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William H Schafer
Officer — Chief Financial Officer
Period of report
Jun 30, 2016
Accepted (ET)
Jul 1, 2016 · 4:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001577368
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jun 30, 2016 | F | 610 | $55.36 | D | 65,565 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class RS LTIP units of Operating PartnershipF2 | — | Jun 30, 2016 | C | 1,563 | D | — | — | Class A units of Operating Partnership | 1,563 | 0 | D |
| Class A units of Operating PartnershipF3 | — | Jun 30, 2016 | C | 1,563 | A | — | — | Class A common stock | 1,563 | 75,000 | D |
Explanation of responses
- F1Reflects shares surrendered to the Issuer to satisfy tax withholding obligation in connection with the vesting of restricted shares.
- F2Each Class RS LTIP unit is convertible by the Company's Operating Partnership or by the holder into Class A units at any time, and upon equalization of the capital account of a Class RS LTIP unit with the per unit capital account of the Class A units (and full vesting of the Class RS LTIP unit, if such unit is subject to vesting), the Class RS LTIP unit will be convertible into one Class A unit, subject to certain exceptions and adjustments.
- F3Class RS LTIP units of the Operating Partnership automatically converted on a one-for-one basis to Class A units of the Operating Partnership in accordance with its terms. Class A units are redeemable for cash or, at the Company's election, shares of the Company's Class A common stock on a one-for-one basis, beginning one year following the beginning of the first full calendar month following the closing of the Company's initial public offering, which was October 15, 2013.