SEC Form 4 · accession 0001123292-16-001905
Brixmor Property Group Inc. · BRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven F Siegel
Officer — See Remarks
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 4:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001581068
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2016 | M | 6,294 | — | A | 344,591 | D | |
| Common Stock | Mar 1, 2016 | F | 2,952 | $23.80 | D | 341,639 | D | |
| Common StockF1 | Mar 1, 2016 | M | 8,356 | — | A | 349,995 | D | |
| Common Stock | Mar 1, 2016 | F | 3,923 | $23.80 | D | 346,072 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F1 | — | Mar 1, 2016 | A | 8,354 | A | — | — | Common Stock | 8,354 | 8,354 | D |
| Restricted Stock UnitsF2,F4,F1 | — | Mar 1, 2016 | A | 6,293 | A | — | — | Common Stock | 6,293 | 6,293 | D |
Explanation of responses
- F1Upon vesting, Restricted Stock Units convert into common stock on a one-for-one basis.
- F2The date of the transaction represents the date on which the performance criteria of a previously granted performance share award were determined to have been satisfied.
- F3Represents the portion of the number of shares determined to have been earned based upon the performance criteria which are subject to additional time-based vesting criteria. Of the number of Restricted Stock Units reported, 4,177 will vest on January 1, 2017 and 4,177 will vest on January 1, 2018, in each case subject to the continued employment of the reporting person through that date.
- F4Represents the portion of the number of shares determined to have been earned based upon the performance criteria which are subject to additional time-based vesting criteria. All of the Restricted Stock Units reported will vest on January 1, 2017, subject to the continued employment of the reporting person through that date.
Remarks
Executive Vice President, General Counsel