SEC Form 4 · accession 0001196395-15-000001
EASTGROUP PROPERTIES INC · EGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Hoster II
Officer — President and CEO · Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 3:04 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,F2 | Jan 1, 2015 | F | 11,606 | $63.23 | D | 223,515 | D | |
| Common StockF3 | holding | — | — | — | 50,000 | I | By Family Trust | |
| Common StockF4 | holding | — | — | — | 2,430 | I | Spouse | |
| Common Stock | holding | — | — | — | 750 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 1, 2015, 29,444 restricted shares vested and the Reporting Person instructed the Company to withhold 11,606 shares to cover tax withholding obligations as permitted under the Company's 2013 Equity Incentive Plan and the Company's 2004 Equity Incentive Plan, as amended.
- F2As of the date hereof, the Reporting Person's direct beneficial ownership includes 36,603 restricted shares granted under the Company's 2013 Equity Incentive Plan and the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested.
- F3These shares are held in a family trust for the benefit of the Reporting Person's children. The Reporting Person's spouse is trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F4The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.