SEC Form 4 · accession 0001179110-17-014896
QTS Realty Trust, Inc. · QTS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William H Schafer
Officer — EVP -- Finance and Accounting
Period of report
Dec 4, 2017
Accepted (ET)
Dec 5, 2017 · 2:59 pm EST
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 stockF3 | Dec 4, 2017 | C | 12,500 | — | A | 68,627 | D | |
| Class A common stockF1,F2 | Dec 4, 2017 | S | 12,500 | $54.46 | D | 56,127 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A units of Operating PartnershipF4 | — | Dec 4, 2017 | C | 12,500 | D | — | — | Class A common stock | 12,500 | 76,729 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 17, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.25 to $55.34, inclusive. The reporting person undertakes to provide to QTS Realty Trust, Inc., any security holder of QTS Realty Trust, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote (2).
- F312,500 shares of Class A common stock were acquired upon Mr. Schafer's redemption of 12,500 Class A units of the Operating Partnership. Class A units are redeemable for cash or, at the operating partnership's election, shares of the Company's Class A common stock on a one-for-one basis, beginning November 1, 2014, which was one year following the beginning of the first full calendar month following the closing of the Company's initial public offering.
- F4Class A units are redeemable for cash or, at the operating partnership's election, shares of the Company's Class A common stock on a one-for-one basis, beginning November 1, 2014, which was one year following the beginning of the first full calendar month following the closing of the Company's initial public offering.