QTS Realty Trust, Inc. 4
4 · QTS Realty Trust, Inc. · Filed Apr 4, 2016
Insider Transaction Report
Form 4
Reinhart James H.
COO - Operations
Transactions
- Tax Payment
Class A common stock
2016-03-31$46.99/sh−563$26,455→ 68,628 total - Conversion
Class RS LTIP units of Operating Partnership
2016-03-31−3,125→ 3,125 total→ Class A units of Operating Partnership (3,125 underlying) - Conversion
Class A units of Operating Partnership
2016-03-31+3,125→ 46,875 total→ Class A common stock (3,125 underlying)
Footnotes (3)
- [F1]Reflects shares surrendered to the Issuer to satisfy tax withholding obligation in connection with the vesting of restricted shares.
- [F2]Each Class RS LTIP unit is convertible by the Company's Operating Partnership or by the holder into Class A units at any time, and upon equalization of the capital account of a Class RS LTIP unit with the per unit capital account of the Class A units (and full vesting of the Class RS LTIP unit, if such unit is subject to vesting), the Class RS LTIP unit will be convertible into one Class A unit, subject to certain exceptions and adjustments.
- [F3]Class RS LTIP units of the Operating Partnership automatically converted on a one-for-one basis to Class A units of the Operating Partnership in accordance with its terms. Class A units are redeemable for cash or, at the Company's election, shares of the Company's Class A common stock on a one-for-one basis, beginning one year following the beginning of the first full calendar month following the closing of the Company's initial public offering, which was October 15, 2013.