LIBERTY PROPERTY TRUST 4
4 · LIBERTY PROPERTY TRUST · Filed Mar 18, 2015
Insider Transaction Report
Form 4
Fala Herman C
General Counsel
Transactions
- Award
Common Shares of Beneficial Interest ($0.001 par value)
2015-03-16$35.18/sh+2,764$97,238→ 4,083 total - Award
Common Shares of Beneficial Interest ($0.001 par value)
2015-03-16+1,319→ 1,319 total - Award
Employee Stock Option (Right to Buy)
2015-03-16+43,512→ 43,512 totalExercise: $35.18Exp: 2025-03-16→ Common Shares (43,512 underlying)
Footnotes (4)
- [F1]Consists of 1,235 common shares issuable pursuant to restricted share units granted in 2014, as compensation, the performance conditions relating to which have been satisfied, as well as 84 shares that accrued under the Company's Dividend Reinvestment Plan with respect to those restricted share units as to which the performance conditions have been satisfied.
- [F2]Received as employment compensation.
- [F3]The stock acquired reflects the election by the reporting person to receive common shares in lieu of cash for all or part of annual performance bonus compensation for 2014, consistent with a policy adopted by the Trust's Compensation Committee with respect to employee annual performance bonus compensation. By making such election, the reporting person received shares equal to 120% of the cash value of such bonus or portion thereof, less applicable withholding tax (the "Bonus Value"). The reporting person received the number of common shares able to be purchased with the dollar amount of the Bonus Value based on the closing price per share of the common shares on March 16, 2015 ($35.18).
- [F4]Options granted are exercisable 20% after the first anniversary of the date of grant, 50% after the second anniversary and fully after the third anniversary.