SEC Form 4 · accession 0001123292-18-000462
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
Feb 27, 2018
Accepted (ET)
Mar 1, 2018 · 9:00 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 | Feb 27, 2018 | A | 8,734 | — | A | 333,139 | D | |
| Common StockF2 | Feb 27, 2018 | F | 4,100 | $15.39 | D | 329,039 | D | |
| Common Stock | holding | — | — | — | 1,000 | I | By daughter |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4,F1 | — | Feb 27, 2018 | A | 8,731 | A | — | — | Common Stock | 8,731 | 8,731 | D |
| Restricted Stock UnitsF5,F1 | — | Mar 1, 2018 | A | 20,859 | A | — | — | Common Stock | 20,859 | 20,859 | D |
Explanation of responses
- F1Restricted Stock Units convert into common stock on a one-for-one basis.
- F2Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units.
- F3The 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.
- 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. Of the number of Restricted Stock Units reported, 4,364 will vest on January 1, 2019 and 4,367 will vest on January 1, 2020, in each case subject to the continued employment of the reporting person through that date.
- F5The restricted stock units vest ratably over three years beginning January 1, 2019.
Remarks
Remarks: Executive Vice President, General Counsel