SEC Form 4 · accession 0001209191-16-089235

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

Dec 31, 2015

Accepted (ET)

Jan 5, 2016 · 6:08 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000921825

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F2,F3	Dec 31, 2015	M	42,627	$0.00	A	998,313	D
Common Stock	Dec 31, 2015	F	19,481	$22.13	D	978,832	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Units^F3,F2	—	Dec 31, 2015	M	40,850	D	Dec 31, 2015	Dec 31, 2015	Common Stock	42,627	0	D
Performance Units^F6,F7	—	Jan 1, 2016	A	21,981	A	Dec 31, 2018	Dec 31, 2018	Common Stock	21,981	21,981	D

Explanation of responses

F1Transaction resulting from the vesting of Performance Units ("2013 Units") granted under First Industrial's 2011 Stock Incentive Plan on July 1, 2013.
F2Includes 1,777 shares of First Industrial common stock issued with respect to dividend equivalents related to the 2013 Units.
F3Each 2013 Unit represented the right to receive, upon vesting, one share of First Industrial common stock plus dividend equivalents representing any dividends that accrued with respect to such share after the issuance of the 2013 Unit and prior to the date of vesting. The number of shares of First Industrial common stock issued with respect to dividend equivalents was calculated using a per share price of $22.13, the closing price of First Industrial's common stock as of the vesting date.
F4Transaction resulting from tax withholding in connection with the vesting of the 2013 Units.
F5The 2013 Units vested on December 31, 2015 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.
F6Performance Units ("2016 Units") granted under First Industrial's 2014 Stock Incentive Plan on January 1, 2016. Each 2016 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 2016 Units and prior to the date of vesting. Vested shares will be delivered to the reporting person promptly after vesting.
F7The 2016 Units vest on December 31, 2018 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.