SEC Form 4 · accession 0001104659-18-019913
QUALITY CARE PROPERTIES, INC. · QCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark S Ordan
Officer — Director, Chief Exec. Officer · Director
Period of report
Mar 22, 2018
Accepted (ET)
Mar 23, 2018 · 7:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001677203
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 22, 2018 | A | 125,261 | $0.00 | A | 221,798 | D | |
| Common StockF2,F3 | Mar 22, 2018 | A | 83,507 | $0.00 | A | 305,305 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares of restricted common stock of Quality Care Properties, Inc. (the "Company") granted on March 22, 2018 that are subject to service and performance-based vesting conditions. Subject to such conditions, the actual number of shares earned will vest in three equal annual installments, provided that the first vesting date only will be the later of (1) the first anniversary of the grant date and (2) the date on which the performance-based vesting conditions are satisfied.
- F2Represents the number of shares of the Company's restricted common stock granted on March 22, 2018 that are subject solely to service-based vesting conditions. Subject to such conditions, the shares will vest in three equal annual installments beginning on the first anniversary of the grant date.
- F371,761 of these shares remain subject to service-based vesting requirements and will vest in equal installments on March 8, 2019 and on March 8, 2020. 208,768 of these shares remain subject to the vesting requirements described in footnotes 1 and 2.