SEC Form 4 · accession 0001127602-18-027109
VIVMARK RESIDENTIAL · VMRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald A Spector
Director · Other
Period of report
Sep 5, 2018
Accepted (ET)
Sep 7, 2018 · 4:30 pm EDT
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 Interest | Sep 5, 2018 | M | 13,024 | $19.67 | A | 294,287 | D | |
| Common Shares Of Beneficial InterestF1 | Sep 5, 2018 | S | 13,024 | $67.502 | D | 281,263 | D | |
| Common Shares Of Beneficial InterestF2 | holding | — | — | — | 27,500 | I | Family Trust | |
| Common Shares Of Beneficial InterestF3 | holding | — | — | — | 25,015 | I | Family Trust | |
| Common Shares Of Beneficial InterestF4 | holding | — | — | — | 57,187 | I | Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F5 | $19.67 | Sep 5, 2018 | M | 13,024 | D | — | Feb 6, 2019 | Common Shares Of Beneficial Interest | 13,024 | 0 | D |
Explanation of responses
- F1The price represents the weighted average price of the shares sold. The shares were sold within a range of $67.50 to $67.53. The reporting person will provide, upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F2Represents shares beneficially owned by the Concord Lane Trust. Mr. Spector disclaims beneficial ownership of said shares except to the extent of any pecuniary interest therein.
- F3Represents shares held by the Spector Family Dynasty Trust (the "SFDT"). Mr. Spector is the sole trustee of the SFDT and, as such, may be deemed the beneficial owner of the shares reported herein.
- F4Represents shares beneficially owned by Mr. Spector's spouse. Mr. Spector disclaims beneficial ownership of said shares except to the extent of any pecuniary interest therein.
- F5Represents share options which vested in approximately three equal installments on February 6, 2010, February 6, 2011 and February 6, 2012.