LIBERTY PROPERTY TRUST 4
4 · LIBERTY PROPERTY TRUST · Filed Mar 18, 2016
Insider Transaction Report
Form 4
Fala Herman C
General Counsel
Transactions
- Award
Common Shares of Beneficial Interest ($0.001 par value)
2016-03-16$32.06/sh+10,553$338,329→ 27,524 total - Award
Common Shares of Beneficial Interest ($0.001 par value)
2016-03-16+12,888→ 16,971 total
Footnotes (3)
- [F1]Includes 6,047 restricted shares granted on March 16, 2016 that will vest on the third anniversary of the date of grant, subject to continued employment, as well as 3,088 and 3,388 common shares issuable pursuant to restricted share units granted in 2014 and 2015, respectively, as compensation, the performance conditions relating to which have been satisfied, as well as 365 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 2015, 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, 2016 ($32.06).