SEC Form 4 · accession 0001209191-16-139241
LIBERTY PROPERTY TRUST · LRY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael T Hagan
Officer — Chief Investment Officer
Period of report
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 12:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921112
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial Interest ($0.001 par value)F1 | Aug 29, 2016 | M | 61,376 | $31.20 | A | 184,475 | D | |
| Common Shares of Beneficial Interest ($0.001 par value)F1 | Aug 29, 2016 | M | 48,726 | $20.32 | A | 233,201 | D | |
| Common Shares of Beneficial Interest ($0.001 par value)F1 | Aug 29, 2016 | F | 82,578 | $40.99 | D | 150,623 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3,F2 | $31.20 | Aug 29, 2016 | M | 61,376 | D | — | Mar 28, 2018 | Common Shares | 61,376 | 0 | D |
| Employee Stock Option (right to buy)F3,F2 | $20.32 | Aug 29, 2016 | M | 48,726 | D | — | Mar 19, 2019 | Common Shares | 48,726 | 0 | D |
Explanation of responses
- F1Includes (i) 125 common shares held in an individual retirement account on behalf of the reporting person's spouse, of which shares the reporting person disclaims beneficial ownership and (ii) 14,491 common shares issuable upon exchange of units of limited partnership interest of Liberty Property Limited Partnership, a Pennsylvania limited partnership.
- F2Options became exercisable 20% after the first anniversary of the date of the grant, 50% after the second anniversary and fully after the third anniversary.
- F3Received as employment compensation.