SEC Form 4 · accession 0001209191-18-062703
LIBERTY PROPERTY TRUST · LRY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary Beth Morrissey
Officer — SVP & Chief Accounting Officer
Period of report
Dec 12, 2018
Accepted (ET)
Dec 14, 2018 · 4:13 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) | Dec 12, 2018 | M | 2,142 | $20.32 | A | 73,778 | D | |
| Common Shares of Beneficial Interest ($0.001 par value) | Dec 12, 2018 | S | 1,016 | $45.50 | D | 72,762 | D | |
| Common Shares of Beneficial Interest ($0.001 par value) | Dec 12, 2018 | S | 5,827 | $45.52 | D | 66,935 | 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)F2,F1 | $20.32 | Dec 12, 2018 | M | 2,142 | D | — | Mar 19, 2019 | Common Shares | 2,142 | 2,000 | D |
Explanation of responses
- F1Options became exercisable 20% after the first anniversary of the date of the grant, 50% after the second anniversary and fully after the third anniversary.
- F2Options received as compensation.