SEC Form 4 · accession 0001209191-15-001661
FIRST INDUSTRIAL REALTY TRUST INC · FR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce W Duncan
Officer — President and CEO · Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 8:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921825
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF1,F2 | — | Jan 1, 2015 | A | 24,039 | A | Dec 31, 2017 | Dec 31, 2017 | Common Stock | 24,039 | 24,039 | D |
Explanation of responses
- F1Performance Units ("Units") granted under First Industrial's 2014 Stock Incentive Plan on January 1, 2015. Each Unit represents the right to receive, upon vesting, one share of First Industrial common stock plus dividend equivalents representing any dividends that have accrued with respect to such share after the issuance of the Units and prior to the date of vesting. Vested shares will be delivered to the reporting person promptly after vesting.
- F2The Units vest on December 31, 2017 based upon the relative total shareholder return of First Industrial's common stock as compared to the MSCI U.S. REIT Index and the NAREIT Industrial Index over the performance measurement period.