SEC Form 4 · accession 0001209191-18-002068
FIRST INDUSTRIAL REALTY TRUST INC · FR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce W Duncan
Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 4, 2018 · 5:14 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 | Jan 2, 2018 | M | 25,666 | $0.00 | A | 892,632 | D | |
| Common Stock | Jan 2, 2018 | F | 12,235 | $31.17 | D | 880,397 | 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 | — | Jan 2, 2018 | M | 24,039 | D | Dec 31, 2017 | Dec 31, 2017 | Common Stock | 25,666 | 0 | D |
Explanation of responses
- F1Transaction resulting from the vesting of Performance Units (the "2015 Units") granted under First Industrial's 2014 Stock Incentive Plan on January 1, 2015.
- F2Includes 1,627 shares of First Industrial common stock issued with respect to dividend equivalents related to the 2015 Units.
- F3Each 2015 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 2015 Units 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 $31.17, 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 2015 Units.
- F5The 2015 Units vested on January 2, 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.