SEC Form 4 · accession 0000899243-16-018964
Highlands REIT, Inc. · HHDS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Vance
Officer — See Remarks · Director
Period of report
Apr 28, 2016
Accepted (ET)
May 2, 2016 · 4:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001661458
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Apr 28, 2016 | A | 2,777,778 | $0.00 | A | 2,783,086 | D | |
| Common Stock | Apr 28, 2016 | F | 1,289,852 | $0.36 | D | 1,493,234 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares issued under the Highlands REIT, Inc. 2016 Incentive Award Plan pursuant to the Executive Employment Agreement between Highlands REIT, Inc. and the Reporting Person.
- F2Includes shares received by the Reporting Person in connection with the distribution by InvenTrust Properties Corp. ("InvenTrust") on April 28, 2016 of 100% of the shares of common stock of Highlands REIT, Inc. ("Highlands") that it owned to InvenTrust stockholders of record as of the close of business on April 25, 2016. The distribution was made to the stockholders of InvenTrust on a pro rata basis by means of a share dividend. InvenTrust distributed to its stockholders, including the Reporting Person, one share of Highlands common stock for every one share of InvenTrust common stock held by stockholders of InvenTrust as of the close of business on April 25, 2016.
Remarks
President, Chief Executive Officer, and Secretary