SEC Form 4 · accession 0001209191-17-015625
LIBERTY PROPERTY TRUST · LRY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
M Leanne Lachman
Director
Period of report
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 10:41 am EST
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 | Feb 27, 2017 | A | 2,263 | — | A | 57,237 | D | |
| Common Shares of Beneficial Interest ($0.001 par value) | Feb 28, 2017 | M | 5,000 | $21.81 | A | 62,237 | D | |
| Common Shares of Beneficial Interest ($0.001 par value)F2 | Feb 28, 2017 | S | 5,000 | $39.4978 | D | 57,237 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F3 | $21.81 | Feb 28, 2017 | M | 5,000 | D | — | Jun 23, 2019 | Common Shares | 5,000 | 0 | D |
Explanation of responses
- F1Awarded as compensation for service on Board of Trustees.
- F2Represents the weighted average of a range of sale prices per share from $39.47 to $39.52. The reporting person undertakes to provide to the Staff of the Securities and Exchange Commission, the Company or any shareholder of the Company, upon request, full information regarding the number of common shares sold at each separate price.
- F3Options became exercisable 20% after the first anniversary of the date of the grant, 50% after the second anniversary and fully after the third anniversary.