SEC Form 4 · accession 0001239944-16-000007
EASTGROUP PROPERTIES INC · EGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Corkern
Officer — Senior Vice President
Period of report
Mar 2, 2016
Accepted (ET)
Mar 4, 2016 · 3:58 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 | Mar 2, 2016 | A | 1,980 | — | A | 56,439 | D | |
| Common StockF2 | Mar 2, 2016 | F | 117 | $56.05 | D | 56,322 | D | |
| Common StockF3 | Mar 2, 2016 | A | 2,479 | — | A | 58,801 | D | |
| Common StockF4,F5 | Mar 2, 2016 | F | 183 | $56.05 | D | 58,618 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award of restricted shares as 2015 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 one-fifth on each of January 1, 2017, 2018, 2019 and 2020.
- F2On March 2, 2016, 396 restricted shares vested and the Reporting Person instructed the Company to withhold 117 shares to cover tax withholding obligations as permitted under the Company's 2013 Equity Incentive Plan.
- F3Award of restricted shares as 2015 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 one-fourth on each of January 1, 2017, 2018 and 2019.
- F4On March 2, 2016, 620 restricted shares vested and the Reporting Person instructed the Company to withhold 183 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 10,143 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.