SEC Form 4 · accession 0001127602-18-002068
VIVMARK RESIDENTIAL · VMRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Santee
Officer — Executive Vice President & COO
Period of report
Jan 17, 2018
Accepted (ET)
Jan 18, 2018 · 4:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000906107
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares Of Beneficial InterestF1,F2 | Jan 17, 2018 | A | 650 | $0.00 | A | 31,899 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted UnitsF3,F4 | — | Jan 17, 2018 | A | 1,945 | A | — | Feb 5, 2025 | Common Shares Of Beneficial Interest | 1,945 | 1,945 | D |
Explanation of responses
- F1Represents restricted shares of Equity Residential (the "Company") issued in connection with the settlement of an award under the Company's 2015 Long-Term Incentive Plan (the "2015 LTI Plan") which are scheduled to vest on February 5, 2018.
- F2Direct total includes restricted shares of the Company scheduled to vest in the future.
- F3Represents restricted limited partnership interests ("Restricted Units") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of the Company, retained in connection with the settlement of an award under the 2015 LTI Plan. Restricted Units are a class of partnership interest that automatically convert into an equal number of limited partnership interests of the Operating Partnership ("OP Units") when the capital account related to the Restricted Units reaches a specified target for federal income tax purposes (provided such target is reached within ten years of issuance). Subject to the vesting requirements of the grant and certain other restrictions, OP Units are exchangeable by the holder for common shares of the Company on a one-for-one basis or the cash value of such shares, at the Company's option. The Restricted Units reflected in this report also include any OP Units into which such Restricted Units automatically convert.
- F4The Restricted Units are scheduled to vest on February 5, 2018.