SEC Form 4 · accession 0001209191-16-130110
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
Jun 27, 2016
Accepted (ET)
Jun 29, 2016 · 5:38 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 InterestF4,F5,F6 | Jun 27, 2016 | S | 60,000 | $15.74 | D | 70,759 | I | Family Limited Partnership |
| Common Shares of Beneficial InterestF1,F2,F3 | holding | — | — | — | 1,072,472 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This filing also reports in the ending balance of shares owned the sum of 2,180.03 additional common shares acquired under the Company's Employee Share Purchase Plan (ESPP). Under the ESPP 1,152.07 shares were acquired on March 8, 2016 at a transaction price of $10.85 per share and 1,027.96 shares were acquired on June 8, 2016 at a transaction price of $12.16 per share.
- F2This filing also reports in the ending balance of shares owned the sum of 522.58 additional common shares acquired under the Company's Dividend Reinvestment Plan (DRIP). Under the DRIP 522.58 shares were acquired on April 21,2016 at a transaction price of $14.17 per share.
- F3This balance reflects a reduction of 60,000 shares from a sale, on June 27, 2016, made pursuant to a previously established 10b5-1 plan and reported separately on another Form 4 filed on June 29, 2016.
- F4The transaction reported in this Form 4 was 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.
- F5A sale on June 27, 2016, pursuant to a Rule 10b5-1 plan, of an additional 60,000 shares owned directly by the reporting person is being reported separately on another Form 4 filed on June 29, 2016.
- F6The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.53 to $15.83, 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.