SEC Form 4 · accession 0001140361-16-090273
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
Dec 15, 2016
Accepted (ET)
Dec 19, 2016 · 5:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001677203
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (right to buy)F1,F2 | $15.73 | Dec 15, 2016 | A | 1,600,000 | A | — | Dec 15, 2023 | Common Stock | 1,600,000 | 1,600,000 | D |
| Options (right to buy)F1,F3 | $15.73 | Dec 15, 2016 | A | 594,694 | A | — | Dec 15, 2023 | Common Stock | 594,694 | 594,694 | D |
Explanation of responses
- F1Each stock option represents the right to buy, upon exercise, one share of common stock of Quality Care Properties, Inc.
- F2800,000 of the 1,600,000 stock options were fully vested on the grant date. The remaining 800,000 stock options will vest subject to the achievement of performance criteria set forth in the form of option award agreement attached to Mr. Ordan's employment agreement. Vested options are not exercisable until the third anniversary of the grant date.
- F3The 594,694 stock options are scheduled to vest in full on the third anniversary of the grant date. Vested options are not exercisable until the third anniversary of the grant date.