SEC Form 4/A · accession 0001209191-19-014591
LIBERTY PROPERTY TRUST · LRY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Christopher J Papa
Officer — Exec. Vice President and CFO
Period of report
Mar 16, 2018
Accepted (ET)
Feb 28, 2019 · 5:09 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 | Mar 16, 2018 | A | 1,059 | $40.20 | A | 30,080 | 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).
- F2The Form 4 being amended hereby inadvertently reported that 7,808 shares had been withheld in payment of income taxes upon the vesting of shares issued pursuant to awards the performance or other vesting conditions relating to which had been satisfied. This transaction was reported in error and in fact did not occur.