SEC Form 4 · accession 0001123292-16-001778
Brixmor Property Group Inc. · BRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael V Pappagallo
Other
Period of report
Feb 18, 2016
Accepted (ET)
Feb 19, 2016 · 5:27 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001581068
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 UnitsF2,F3,F1 | — | Feb 18, 2016 | A | 49,142 | A | — | — | Common Stock | 49,142 | 70,375 | D |
Explanation of responses
- F1Upon satisfaction of minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and the expiration of a two year restricted period from the date of grant, each LTIP Unit may be converted, at the election of the holder, into a common unit of Brixmor Operating Partnership LP. The common units of Brixmor Operating Partnership LP are redeemable for cash or, at the option of the Issuer, exchangeable for shares of common stock of the Issuer, on a one-for-one basis.
- F2The date of the transaction is the date on which the vesting of the LTIP Units was determined to have occurred.
- F3Represents the number of LTIP Units vested, paid to or transferred to the reporting person pursuant to the Separation Agreement and Release between the reporting person and the registrant, including dividend equivalent units deemed earned through the transaction date. All of the LTIP Units reported are vested.
Remarks
Former President and Chief Financial Officer