SEC Form 4 · accession 0001209191-17-004813
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
Jan 18, 2017
Accepted (ET)
Jan 20, 2017 · 4:04 pm 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 InterestF3,F4 | Jan 18, 2017 | S | 20,000 | $16.2666 | D | 50,759 | I | Family Limited Partnership |
| Common Shares of Beneficial InterestF1,F2 | holding | — | — | — | 1,075,368 | 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 1,858.05 additional common shares acquired under the Company's Employee Share Purchase Plan (ESPP). The ESPP shares were purchased following the Reporting Person's last Section 16 filing. Under the ESPP 897.99 shares were acquired on September 8, 2016 at a transaction price of $13.92 per share and 960.06 shares were acquired on December 8, 2016 at a transaction price of $13.02. The ESPP provides for the purchase of fractional shares. The numbers reported herein are rounded to the nearest whole number.
- F2This filing also reports in the ending balance of shares owned the sum of 1,037.49 additional common shares acquired under the Company's Dividend Reinvestment Plan (DRIP). Under the DRIP 492.66 shares were acquired on July 25, 2016 at a transaction price of $16.54 per share and 544.83 were acquired on October 24, 2016 at a transaction price of $15.37 per share.
- F3The 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.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.25 to $16.31, 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 seperate price within the ranges set forth in footnote (4) to this Form 4.