SEC Form 4 · accession 0001140361-16-077740
LXP Industrial Trust · LXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E Robert Roskind
Officer — Chairman · Director
Period of report
Aug 22, 2016
Accepted (ET)
Aug 24, 2016 · 4:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000910108
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Aug 22, 2016 | M | 200,000 | $6.39 | A | 1,008,538 | D | |
| Common Shares | Aug 22, 2016 | F | 119,327 | $10.71 | D | 889,211 | D | |
| Common Shares | Aug 22, 2016 | F | 33,887 | $10.71 | D | 855,324 | D | |
| Common Shares | Aug 22, 2016 | M | 188,764 | $7.95 | A | 1,044,088 | D | |
| Common Shares | Aug 22, 2016 | F | 140,118 | $10.71 | D | 903,970 | D | |
| Common Shares | Aug 22, 2016 | F | 25,086 | $10.71 | D | 878,884 | D | |
| Common SharesF5 | Aug 22, 2016 | S | 50,000 | $10.6542 | A | 828,884 | D | |
| Common SharesF1,F4 | holding | — | — | — | 10,729 | I | By The LCP Group L.P. | |
| Common SharesF4 | holding | — | — | — | 60,807 | I | By Wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 Non-qualified Share OptionF6 | $6.39 | Aug 22, 2016 | M | 200,000 | A | — | Dec 31, 2019 | Common Shares | 200,000 | 0 | D |
| December 2010 Non-qualified Share OptionF6 | $7.95 | Aug 22, 2016 | M | 188,764 | A | — | Dec 31, 2020 | Common Shares | 188,764 | 0 | D |
Explanation of responses
- F1An aggregate of 50,000 shares reported sold on 6/8/2015, 6/09/2015, 6/10/2015 and 6/12/2015 were incorrectly reported as held directly and were actually held indirectly by The LCP Group L.P.
- F2Payment of option exercise price by withholding securities incident to exercise of options in accordance with Rule 16b-3.
- F3Payment of tax liability by withholding securities incident to exercise of options issued in accordance with Rule 16b-3.
- F4Reporting person disclaims ownership of the reported securities except to the extent of his pecuniary interest therein.
- F5The price reported is an average price. These shares were sold in multiple transactions at prices ranging from $10.63 to $10.695, inclusive. The reporting person undertakes to provide the issuer any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F6Vested and became exercisable ratably over first five anniversaries of grant date.