SEC Form 4 · accession 0001196395-15-000030
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
Mar 5, 2015
Accepted (ET)
Mar 9, 2015 · 5:43 pm EDT
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 | Mar 5, 2015 | A | 16,428 | — | A | 229,943 | D | |
| Common StockF2 | Mar 5, 2015 | F | 1,479 | $61.13 | D | 228,464 | D | |
| Common StockF3 | Mar 5, 2015 | A | 12,780 | — | A | 241,244 | D | |
| Common StockF4,F5 | Mar 5, 2015 | F | 1,439 | $61.13 | D | 239,805 | D | |
| Common StockF6 | holding | — | — | — | 50,000 | I | By Family Trust | |
| Common StockF7 | 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
- F1Award of restricted shares as 2014 annual long-term incentive compensation pursuant to the Company's 2013 Equity Incentive Plan. These restricted shares vest one-fifth on the date of grant and the remainder of the restricted shares vest January 1, 2016.
- F2On March 5, 2015, 3,286 restricted shares vested and the Reporting Person instructed the Company to withhold 1,479 shares to cover tax withholding obligations as permitted under the Company's 2013 Equity Incentive Plan.
- F3Award of restricted shares as 2014 multi-year long-term incentive compensation pursuant to the Company's 2013 Equity Incentive Plan. These restricted shares vest one-fourth on the date of grant and the remainder of the resticted shares vest January 1, 2016.
- F4On March 5, 2015, 3,195 restricted shares vested and the Reporting Person instructed the Company to withhold 1,439 shares to cover tax withholding obligations as permitted under the Company's 2013 Equity Incentive Plan.
- F5As of the date hereof, the Reporting Person's direct beneficial ownership includes 59,330 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.
- F6These 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.
- F7The 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.