SEC Form 4 · accession 0001209191-16-123770
BRANDYWINE REALTY TRUST · BDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter Dalessio
Director
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 6:12 pm EDT
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 | May 24, 2016 | A | 4,617 | $0.00 | A | 64,491 | D | |
| Common Shares of Beneficial InterestF2 | May 24, 2016 | A | 1,319 | $15.16 | A | 65,810 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares reflect the $70,000 Annual Trustee share award, the number of shares of which is calculated based upon a closing price on 05/24/2016 of $15.16. Shares will vest ratably over three years: 1/3 on May 24, 2017; 1/3 on May 24, 2018 and 1/3 on May 24, 2019.
- F2These shares reflect the Reporting Person's election to receive $20,000 of his $45,000 Annual Board Retainer in shares in lieu of cash. The number of shares received was calculated based upon the closing price on 05/24/2016 of $15.16.