SEC Form 4 · accession 0001123292-16-002866
Brixmor Property Group Inc. · BRX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian T Finnegan
Officer — See Remarks
Period of report
Oct 15, 2016
Accepted (ET)
Oct 17, 2016 · 4:59 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIPF2,F1 | — | Oct 15, 2016 | J | 16 | A | — | — | Common Stock | 16 | 4,464 | 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.
- F2Represents the accrual of additional LTIP Units upon the reinvestment of dividend equivalents earned on 2,135 unvested LTIP Units previously earned under a performance award granted on March 6, 2015. Of the additional LTIP Units reported, 50% are subject to additional time-based vesting criteria and will vest on January 1, 2017, subject to the continued employment of the reporting person through that date, and 50% are subject to additional time-based vesting criteria and will vest on January 1, 2018, subject to the continued employment of the reporting person through that date.
Remarks
Executive Vice President, Leasing