SEC Form 4 · accession 0001209191-17-015894
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
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 4:36 pm 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,F2 | Feb 27, 2017 | A | 15,997 | $0.00 | A | 156,120 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes (i) 5,555 restricted common shares granted on February 27, 2017 that will vest on the third anniversary of the date of grant, subject to continued employment, (ii) 2,626 and 3,075 common shares issuable pursuant to restricted share units granted in 2014 and 2015, respectively, as compensation, the performance conditions relating to which have been satisfied, (iii) 3,879 restricted common shares granted on February 27, 2017 in recognition of the reporting person's efforts in executing the 2016 property dispositions, the restrictions on which will lapse on February 27, 2019, subject to accelerated vesting upon the reporting person's death or disability (as defined in the Trust's share incentive plan), and (iv) 862 shares that accrued under the Company's Dividend Reinvestment Plan with respect to those restricted share units the performance conditions relating to which have been satisfied.
- F2Received as employment compensation.