DUPONT FABROS TECHNOLOGY, INC. 4
4 · DUPONT FABROS TECHNOLOGY, INC. · Filed Feb 12, 2014
Insider Transaction Report
Form 4
Fateh Hossein
DirectorPresident and CEO
Transactions
- Award
Performance Stock Units
2014-02-12+68,413→ 68,413 totalExp: 2017-03-01→ Common Stock (68,413 underlying)
Holdings
- 9,945
Common Stock
- 1,750,000
OP Units
→ Common Stock (1,750,000 underlying) - 514,819(indirect: By LLC)
OP Units
→ Common Stock (514,819 underlying)
Footnotes (4)
- [F1]These Performance stock units are issued under the Company's 2011 Equity Incentive Plan. Each unit represents the right to receive one share of the underlying security at a date in the future, subject to adjustment pursuant to the term of the award.
- [F2]These restricted stock units are subject to performance-based vesting conditions and shall vest if (a) the Reporting Person remains in continuous service with the Company from the grant date until March 1, 2017, and (b) with respect to one-half of the award, the total shareholder return of the Company's common stock (the "Company TSR") for a 3-year Performance Period that commenced on January 1, 2014 (the "Performance Period"), meets or exceeds the return of the MSCI US REIT Index for the 3-year performance period, and (c) with respect to the remaining half of the award, the Company TSR for the Performance Period meets or exceeds the return of an index of publicly-traded data center companies for the 3 year performance period.
- [F3]"OP Units" represent limited partner interests of DuPont Fabros Technology, L.P., a Maryland limited partnership (the "OP"), the operating partnership of DuPont Fabros Technology, Inc. (the "Issuer"), of which the Issuer is the sole general partner. OP Units are redeemable twelve (12) months from the transaction date pursuant to which the OP units were issued for cash equal to the ten-current market value of one share of the Issuer's common stock, or, at the election of the Issuers, and equal number of shares of the Issuer's common stock.
- [F4]All of these OP Units are immediately redeemable (subject to certain limitations set forth in agreement of limited partnership of the OP). OP Units have no expiration date.