SEC Form 4 · accession 0001239944-18-000018
EASTGROUP PROPERTIES INC · EGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brent Wood
Officer — Executive Vice President & CFO
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 5:30 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 1, 2018 | A | 5,091 | — | A | 104,262 | D | |
| Common StockF2 | Mar 1, 2018 | A | 824 | — | A | 105,086 | D | |
| Common StockF3,F4 | Mar 1, 2018 | F | 934 | $80.93 | D | 104,152 | 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 annual incentive plan. These restricted shares were awarded pursuant to the Company's 2013 Equity Incentive Plan, as amended, and vest one-fifth on the performance goal certification date (March 1, 2018) and one-fifth on each of January 1, 2019, 2020, 2021 and 2022.
- F2Issuance of restricted shares upon the satisfaction of the performance goals in connection with the 2017 transitional long-term incentive plan. These restricted shares were awarded pursuant to the Company's 2013 Equity Incentive Plan, as amended, and vest one-fourth on the performance goal certification date (March 1, 2018) and one-fourth on each of January 1, 2019, 2020 and 2021.
- F3On March 1, 2018, 2,105 restricted shares vested and the Reporting Person instructed the Company to withhold 934 shares to cover tax withholding obligations as permitted under the Company's 2013 Equity Incentive Plan, as amended.
- F4As of the date hereof, the Reporting Person's direct beneficial ownership includes 25,929 restricted shares granted under the Company's 2013 Equity Incentive Plan, as amended, and the Company's 2004 Equity Incentive Plan, as amended, that have not yet vested. Does not include any restricted shares granted as long-term incentive awards that are subject to continuing performance goals.