SEC Form 4 · accession 0001628280-18-014901
HCP, INC. · HCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Klaritch
Officer — EVP and COO
Period of report
Dec 4, 2018
Accepted (ET)
Dec 6, 2018 · 7:29 pm EST
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 Stock | Dec 4, 2018 | M | 82,532 | $20.31 | A | 256,280 | D | |
| Common StockF2 | Dec 4, 2018 | S | 82,532 | $29.508 | D | 173,748 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF3,F4 | $20.31 | Dec 4, 2018 | M | 82,532 | D | — | Jan 30, 2019 | Common Stock | 82,532 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 8, 2018.
- F2The price reported in Column 4 is a weighted average sales price. These shares were sold in multiple transactions at sale prices ranging from $29.50 to $29.53. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
- F3Options vested 20% per year commencing on January 30, 2010, the first anniversary of the grant.
- F4The number of options in this Form 4 have been adjusted to reflect the Corporation's spin-off of its wholly owned subsidiary Quality Care Properties, Inc. on October 31, 2016. The adjustments were made to preserve the intrinsic value of the reporting person's options existing prior to the spin-off, consistent with the Corporation's treatment of all then outstanding options.