Education Realty Trust, Inc. 4
4 · Education Realty Trust, Inc. · Filed Feb 13, 2015
Insider Transaction Report
Form 4
Koester J Drew
VP, Asst. Sec., CAO
Transactions
- Award
Profit-Only Interest
2015-02-04+506→ 506 total→ Common Stock (506 underlying)
Footnotes (2)
- [F1]Represents a grant pursuant to the Education Realty Trust, Inc. ("EdR") 2015 Long-Term Incentive Plan which will vest ratably over three years beginning on January 1, 2016. The reporting person has elected to receive his award in the form of profit-only interests ("POIs") in Education Realty Operating Partnership, LP (the "Operating Partnership"), a subsidiary of EdR.
- [F2]Upon the occurrence of certain capital account equalization events, the POIs will become ordinary units of the Operating Partnership and be exchangeable for shares of EdR's common stock on a one-for-one basis.