SEC Form 4 · accession 0001127602-17-004078
VIVMARK RESIDENTIAL · VMRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David J Neithercut
Officer — President & CEO · Director
Period of report
Jan 19, 2017
Accepted (ET)
Feb 6, 2017 · 4:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000906107
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Partnership UnitsF2,F1 | $0.00 | Jan 19, 2017 | G | 200 | D | — | — | Common Shares Of Beneficial Interest | 200 | 31,948 | I |
| Operating Partnership UnitsF1 | $0.00 | Jan 19, 2017 | G | 200 | A | — | — | Common Shares Of Beneficial Interest | 200 | 256,399 | D |
| Operating Partnership UnitsF3,F1 | $0.00 | Jan 19, 2017 | G | 200 | D | — | — | Common Shares Of Beneficial Interest | 200 | 31,948 | I |
| Operating Partnership UnitsF1 | $0.00 | Jan 19, 2017 | G | 200 | A | — | — | Common Shares Of Beneficial Interest | 200 | 256,599 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $60.76 | Feb 2, 2017 | A | 237,593 | A | — | Feb 2, 2027 | Common Shares Of Beneficial Interest | 237,593 | 237,593 | D |
| Non-qualified Stock Option (Right to Buy)F5 | $60.76 | Feb 2, 2017 | A | 237,593 | A | — | Feb 2, 2027 | Common Shares Of Beneficial Interest | 237,593 | 237,593 | D |
Explanation of responses
- F1The OP Units reflected in this report are previously reported Restricted Units which have automatically converted to OP Units per their terms. The OP Units do not expire and are fully vested, transferable and can be exchanged by the holder for common shares of Equity Residential (the "Company") on a one-for-one basis or, at the Company's option, for the cash value of such shares.
- F2Represents OP Units beneficially owned by grantor retained annuity trusts for the benefit of the reporting person's son. The inclusion of these OP Units in this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F3Represents OP Units beneficially owned by grantor retained annuity trusts for the benefit of the reporting person's daughter. The inclusion of these OP Units in this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F4Represents share options scheduled to vest in approximately three equal installments on February 2, 2018, February 2, 2019 and February 2, 2020.
- F5The reporting person received a grant of options as an alternative to cash in connection with all or a portion of their performance bonus. The options vested on February 2, 2017, the date of the grant.