DUPONT FABROS TECHNOLOGY, INC. 4
4 · DUPONT FABROS TECHNOLOGY, INC. · Filed Dec 15, 2014
Insider Transaction Report
Form 4
Fateh Hossein
DirectorPresident and CEO
Transactions
- Other
OP Units
2014-12-11−169,889→ 344,930 total(indirect: By LLC)→ Common Stock (169,889 underlying)
Holdings
- 1,750,000
OP Units
→ Common Stock (1,750,000 underlying) - 9,945
Common Stock
Footnotes (4)
- [F1]"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.
- [F2]These OP Unites were transferred by an entity controlled by Mr. Fateh to a grantor trust for cash of equal value. The aggregate value was $5,800,010.60, determined by the reference to the midpoint of the reported high and low price of the Issuer's common stock on the NYSE on December 11, 2014 which was $34.14.
- [F3]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.
- [F4]The OP Unites were originally received in exchange for direct or indirect contribution to the OP of certain partnership, membership, or ownership interests in, of property of, certain partnerships or limited liability companies which own, directly or indirectly, certain properties in Illinois, New Jersey, Virginia, and/or the District of Columbia, in connection with the Issuer's initial public offering, the value which was $21.00 per OP Unit based on the price of common stock of the Issuer at the time of the Issuer's public offering.