SEC Form 4 · accession 0001144204-18-015607
NorthStar Realty Europe Corp. · NRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mahbod Nia
Officer — Chief Executive Officer · Director
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001646587
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 15, 2018 | A | 44,293 | $0.00 | A | 357,384 | 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,F1,F3 | — | Mar 15, 2018 | A | 14,764 | A | — | — | Common Stock | 29,528 | 14,764 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive up to two shares of common stock of NorthStar Realty Europe Corp. ("NRE").
- F2Represents a target number of restricted stock units that may vest based on the achievement of NRE total shareholder return ("TSR") from the grant date through February 28, 2021.
- F3Subject to continued service, the restricted stock units will vest (i) at 25% of the target if the TSR from the grant date through February 28, 2021 equals 8% per year, compounded annually, or greater, (ii) at 100% of the target if the TSR during this period equals or exceeds 15% per year, compounded annually, or greater, and (iii) at 200% of the target if the TSR during this period is equal to 20% per year, compounded annually, or greater, with the amount vesting for performance between such hurdles based on linear interpolation. If earned, each restricted stock unit will be settled in shares of common stock of NRE. These restricted stock units will expire and cease to exist following settlement.