SEC Form 4 · accession 0001140361-16-069610
Community Healthcare Trust Inc · CHCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Z Hensley
Director
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 5:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001631569
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 9, 2016 | A | 2,097 | $19.079 | A | 16,858 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1For 2016, the reporting person elected to take approximately 71% of their Board retainer in the form of shares of restricted stock with a three-year restriction period. Because the reporting person elected to take a portion of their Board retainer for 2016 in these shares of restricted stock in lieu of cash, the Company awarded them additional shares of restricted stock, equal to 60% of their Board retainer. The price of the securities acquired by the reporting person with respect to the Board retainer is based upon the ten (10) day average stock price of our common stock, which is equal to $19.079. The number of securities issued is equal to that portion of the Board retainer that the reporting person elected to receive in the form of shares of restricted stock, including the additional shares, divided by such 10-day average stock price.