SEC Form 4 · accession 0001140361-17-024868
LXP Industrial Trust · LXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Bonventre
Officer — EVP, GC and Secretary
Period of report
Jun 9, 2017
Accepted (ET)
Jun 13, 2017 · 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 | Jun 9, 2017 | S | 40,298 | $9.978 | D | 360,709 | D | |
| Common SharesF2 | Jun 12, 2017 | M | 38,000 | $6.39 | A | 398,709 | D | |
| Common SharesF2 | Jun 12, 2017 | M | 57,000 | $7.95 | A | 455,709 | D | |
| Common SharesF3 | Jun 12, 2017 | S | 95,000 | $10.20 | D | 360,709 | D |
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 OptionF4 | $6.39 | Jun 12, 2017 | M | 38,000 | D | — | Dec 31, 2019 | Common Shares | 38,000 | 0 | D |
| December 2010 Non-Qualified Share OptionF4 | $7.95 | Jun 12, 2017 | M | 57,000 | D | — | Dec 31, 2020 | Common Shares | 57,000 | 0 | D |
Explanation of responses
- F1The price reported is an average price. These shares were sold in multiple transactions at prices ranging from $9.95 to $10.00, 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.
- F2Cashless exercise and immediate sale through broker.
- F3The price reported is an average price. These shares were sold in multiple transactions at prices ranging from $10.20 to $10.205, 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
- F4Vested and became exercisable over first five anniversaries of grant date.