SEC Form 4 · accession 0000049600-19-000015
EASTGROUP PROPERTIES INC · EGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Corkern
Officer — Senior VP, CAO and Secretary
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 7:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000049600
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 14, 2019 | A | 1,517 | $0.00 | A | 59,494 | D | |
| Common StockF2 | Feb 14, 2019 | A | 2,051 | $0.00 | A | 61,545 | D | |
| Common StockF3 | Feb 14, 2019 | F | 889 | $107.37 | D | 60,656 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2017 transitional long-term incentive program. These restricted shares vested in full on the performance goal certification date (February 14, 2019).
- F2Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2018 annual incentive program. These restricted shares were awarded pursuant to the Issuer's 2013 Equity Incentive Plan, as amended, and vest one-fifth on the performance goal certification date (February 14, 2019) and one-fifth on each of January 1, 2020, 2021, 2022 and 2023.
- F3On February 14, 2019, 2,115 restricted shares vested and the Reporting Person instructed the Issuer to withhold 889 shares of Common Stock to cover tax withholding obligations as permitted under the Issuer's 2013 Equity Incentive Plan, as amended.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney