SEC Form 4 · accession 0001209191-16-089269
FIRST INDUSTRIAL REALTY TRUST INC · FR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Schultz
Officer — EVP - East Region
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 6:12 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 StockF2,F3 | Dec 31, 2015 | M | 42,627 | $0.00 | A | 140,095 | D | |
| Common Stock | Dec 31, 2015 | F | 17,562 | $22.13 | D | 122,533 | D | |
| Common Stock | Jan 4, 2016 | F | 4,650 | $21.61 | D | 117,883 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF3,F2 | — | Dec 31, 2015 | M | 40,850 | D | Dec 31, 2015 | Dec 31, 2015 | Common Stock | 42,627 | 0 | D |
| Performance UnitsF7,F8 | — | 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.
- F5Transaction resulting from tax withholding in connection with the vesting of restricted stock.
- F6The 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.
- F7Performance 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.
- F8The 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.