SEC Form 4 · accession 0001179110-17-013477
HCP, INC. · HCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M Herzog
Officer — President and CEO · Director
Period of report
Oct 25, 2017
Accepted (ET)
Oct 26, 2017 · 7:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000765880
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 10, 2017 | G | 10,719 | $0.00 | D | 53,572 | D | |
| Common StockF1 | Oct 10, 2017 | G | 10,719 | $0.00 | A | 10,719 | I | Family Trust |
| Common StockF2,F3 | Oct 25, 2017 | A | 58,515 | $0.00 | A | 112,087 | D | |
| Common StockF4 | Oct 25, 2017 | F | 11,699 | $25.36 | D | 100,388 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Gift by the reporting person to a family trust in which the reporting person retains a pecuniary interest.
- F2Represents the number of performance-based restricted stock units previously granted to the reporting person by the Company on June 27, 2016. The Compensation Committee determined on October 25, 2017, that the performance conditions had been satisfied, resulting in one-third (1/3) vesting on that determination date, and one-third (1/3) eligible to vest on each of the second and third anniversaries of the grant date.
- F3Each restricted stock unit represents the right to receive one share of common stock, subject to the applicable vesting schedule.
- F4This forfeiture of shares to satisfy applicable tax withholding does not constitute a sale transaction. Pursuant to the award agreement, shares are required to be forfeited to satisfy applicable tax withholding in connection with the vesting of the restricted stock units referenced in footnote 2 above.