SEC Form 4 · accession 0001196395-15-000020
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
Feb 23, 2015
Accepted (ET)
Feb 24, 2015 · 1:35 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 | Feb 23, 2015 | S | 6,400 | $63.449 | D | 213,515 | 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
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.40 to $63.61, inclusive. The reporting person undertakes to provide to EastGroup Properties, Inc., any security holder of EastGroup Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- 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.