Form 4 for LINE Lineage, Inc.
Accepted 2024-07-29 00:00:00 ET · period of report 2024-07-26 · accession 0000950170-24-087368 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-07-29 | 2024-07-26 | LINE | Rivera Jeffrey Alvarez | See Remarks | A - Grant | $0.00 | +8,224 | 8,224 | New | $0 |
| D | 2024-07-29 | 2024-07-26 | LINE | Rivera Jeffrey Alvarez | See Remarks | F - Tax | $78.00 | -3,418 | 4,806 | -42% | -$266.6K |
| D | 2024-07-29 | 2024-07-26 | LINE | Rivera Jeffrey Alvarez | See Remarks | P - Purchase | $78.00 | +600 | 5,406 | +12% | +$46.8K |
| D | 2024-07-29 | 2024-07-26 | LINE | Rivera Jeffrey Alvarez | See Remarks | A - Grant | $0.00 | +96.5K | 96.5K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-07-26 | A | A | 8,224 | $0.00 | 8,224 | D | — | — | (F1) Represents the grant of shares of common stock ("Shares") awarded in connection with the Issuer's initial public offering. |
| 2 | Common | Common Stock | 2024-07-26 | F | D | 3,418 | $78.00 | 4,806 | D | — | — | |
| 3 | Common | Common Stock | 2024-07-26 | P | A | 600 | $78.00 | 5,406 | D | — | — | (F2) Represents the purchase of Shares from the underwriters in the Issuer's initial public offering. |
| 4 | Derivative | LTIP Units | 2024-07-26 | A | A | 96,483 | $0.00 | 96,483 | D | — · — to — | 96,483 Common Stock | (F4) (Continued from footnote 3) which are units of partnership interest in the Operating Partnership, as designated under the Partnership Agreement. Holders of Partnership Common Units acquired from the conversion of LTIP Units have the right to redeem their Partnership Common Units in exchange for cash or, at the election of the Issuer, Shares, on a one-for-one basis (subject to certain adjustments), provided at least 18 months have passed since the LTIP Units were granted. LTIP Units and Partnership Common Units do not have expiration dates. (F3) Represents the grant of time-based units of partnership interest in Lineage OP, LP (the "Operating Partnership") designated as LTIP Units ("LTIP Units") under the Agreement of Limited Partnership of the Operating Partnership dated as of July 24, 2024 (the "Partnership Agreement"). The LTIP Units vest in equal annual installment as to 1/3 of the LTIP Units on each of April 1, 2025, 2026 and 2027, subject to continued service with the Issuer through such dates. Subject to achieving certain capital account balances, each vested LTIP Unit may be converted, at the election of the holder, on a one-for-one basis to Partnership Common Units ("Partnership Common Units"), |