SEC Form 4 · accession 0001209191-17-048728
BRANDYWINE REALTY TRUST · BDN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William D Redd
Officer — EVP & Senior Managing Director
Period of report
Aug 10, 2017
Accepted (ET)
Aug 14, 2017 · 2:50 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 | Aug 10, 2017 | S | 24,400 | $16.6973 | D | 83,505 | D | |
| Common Shares of Beneficial InterestF2 | Aug 11, 2017 | M | 87,683 | $8.6528 | A | 171,188 | D | |
| Common Shares of Beneficial InterestF3 | Aug 11, 2017 | S | 87,683 | $16.5274 | D | 83,505 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $2.91 | Aug 11, 2017 | M | 29,535 | A | Apr 1, 2010 | Apr 1, 2019 | Common Shares of Beneficial Interest | 29,535 | 0 | D |
| Stock Option (Right to Buy) | $11.31 | Aug 11, 2017 | M | 32,106 | A | Mar 4, 2011 | Mar 4, 2020 | Common Shares of Beneficial Interest | 32,106 | 0 | D |
| Stock Option (Right to Buy) | $11.89 | Aug 11, 2017 | M | 26,042 | A | Mar 2, 2012 | Mar 2, 2021 | Common Shares of Beneficial Interest | 26,042 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.68 to $16.72, 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 (1) to this Form 4.
- F2The price reported in Column 4 is a weighted average price. These shares were acquired at exercise prices ranging from $2.91 to $11.89, inclusive. The exercise price for each Derivative Security is provided in Table II below.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.5108 to $16.54, inclusive. The reporting person undertakes 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(3) to this Form 4.