SEC Form 4 · accession 0001567619-19-001156
Community Healthcare Trust Inc · CHCT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy G Wallace
Officer — Chairman, CEO and President · Director
Period of report
Jan 15, 2019
Accepted (ET)
Jan 15, 2019 · 5:04 pm EST
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 | Jan 15, 2019 | A | 36,266 | $29.78 | A | 696,520 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1For 2019, the reporting person agreed to take 100% of his salary in shares of restricted stock with an eight-year restriction period. Because the reporting person elected to take his base salary for 2019 in shares of restricted stock, the Company awarded Mr. Wallace additional compensation, in restricted stock, equal to his annual salary. The price of the securities acquired by the reporting person is based on the average price of the Company's common stock for the 10 trading days immediately preceding January 15, 2019, which was $29.78. The number of securities issued is equal to the total salary, including the additional compensation, divided by such price.