SEC Form 4 · accession 0001209191-18-020835
LIBERTY PROPERTY TRUST · LRY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Christopher J Papa
Officer — Exec. Vice President and CFO
Period of report
Mar 16, 2018
Accepted (ET)
Mar 20, 2018 · 3:02 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 | Mar 16, 2018 | A | 1,059 | $40.20 | A | 30,080 | D | |
| Common Shares of Beneficial Interest ($0.001 par value)F2 | Mar 16, 2018 | F | 7,808 | $40.20 | D | 22,272 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The stock acquired reflects the election by the reporting person to receive common shares in lieu of cash for all or part of annual performance bonus compensation for 2017, consistent with a policy adopted by the Trust's Compensation Committee with respect to employee annual performance bonus compensation. By making such election, the reporting person received shares equal to 120% of the cash value of such bonus or portion thereof, less applicable withholding tax (the "Bonus Value"). The reporting person received the number of common shares able to be purchased with the dollar amount of the Bonus Value based on the closing price per share of the common shares on March 16, 2018 ($40.20).
- F2Consists of shares withheld in payment of income taxes upon the vesting of shares issued pursuant to awards the performance or other vesting conditions relating to which have been satisfied, all of which such shares have been previously reported by the reporting person.