SEC Form 4 · accession 0000912593-16-000156
SUN COMMUNITIES INC · SUI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary A Shiffman
Officer — Chrmn and CEO · Director
Period of report
Mar 20, 2016
Accepted (ET)
Mar 22, 2016 · 10:27 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000912593
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | Mar 20, 2016 | A | 75,000 | $0.00 | A | 1,348,560 | D | |
| Common Stock, $0.01 par value | holding | — | — | — | 453,841 | I | Owned by certain limited liability companies of which the reporting person is a member and a manager | |
| Common Stock, $0.01 par value | holding | — | — | — | 86,810 | I | Owned by irrevocable trust of which the reporting person is not a trustee |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock. 37,500 of the shares are subject to time vesting and vest as follows: 7,500 shares vest on March 20, 2019; 11,250 shares vest on March 20, 2020; 13,125 shares vest on March 20, 2021; 3,750 shares vest on March 20, 2022; and 1,875 shares vest on March 20, 2023. 37,500 of the shares are subject to performance vesting based on certain market and financial performance criteria.