SEC Form 4 · accession 0000790816-15-000002
BRANDYWINE REALTY TRUST · BDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerard H Sweeney
Officer — President and CEO · Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 2, 2015 · 11:53 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000790816
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial InterestF1,F2,F3 | Dec 31, 2014 | S | 20,000 | $16.26 | D | 871,137 | D | |
| Common Shares of Beneficial InterestF1,F2 | Dec 31, 2014 | S | 20,000 | $16.26 | D | 170,759 | I | Family Limited Partnership |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transactions reported in this Form 4 were made pursuant to a Rule 10b5-1 trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and Brandywine Realty Trust's policies regarding stock transactions, including its insider trading policy.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.25 to $16.28, inclusive. The reporting person undertakes to provide Brandywine Realty Trust, any security holder of Brandywine Realty Trust, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4
- F3This filing also reports in the ending balance of shares owned the sum of 2281.11 additional common shares acquired under the Company's Employee Share Purchase Plan (ESPP) plus the sum of 1197.35 common shares acquired under the Company's Dividend Reinvestment Plan (DRIP).The ESPP and the DRIP shares were purchased following the Reporting Person's last Section 16 filing. Under the ESPP 400 shares were acquired on June 9, 2014 at a transaction price of $12.50 per share and 1881.11 shares were aquired on September 9, 2014 at a transaction price of $13.29. Under the DRIP 395.18 shares were acquired on April 23, 2014, at a transaction price of $14.50 per share, 367.15 shares were acquired on July 24, 2014, at a transaction price of $15.93 per share and 435.02 shares were acquired on October 23, 2014, at a transaction price of $14.22 per share