Form 4 for XRN Chiron Real Estate Inc.

Accepted 2022-03-04 00:00:00 ET · period of report 2022-03-03 · accession 0001104659-22-030737 · 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	2022-03-04	2022-03-03	XRN	Busch Jeffrey	COB, Pres, CEO, Dir	P - Purchase	$15.55	+2,000	43.5K	+5%	+$31.1K
D	2022-03-04	2022-03-04	XRN	Busch Jeffrey	COB, Pres, CEO, Dir	A - Grant	$0.00	+27.7K	580.1K	+5%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-03-03	P	A	2,000	$15.55	43,490	D	—	—
2	Derivative	LTIP Unit (Right to Buy)	2022-03-04	A	A	27,698	$0.00	580,104	D	— · — to —	27,698 Common Stock	(F1) The Issuer's Board of Directors determined on February 24, 2022 that 50% of the LTIP Units vested and became nonforfeitable on March 4, 2022 as a result of meeting certain market-based criteria as of March 4, 2022 and 50% of the LTIP Units will vest on March 4, 2023, pursuant to the grant award agreement stipulations. The LTIP Units were awarded pursuant to an LTIP Unit vesting agreement, the form of which was filed as Exhibit 99.3 to the Issuer's Current Report on Form 8-K filed on March 7, 2019. The LTIP Units were issued pursuant to the Issuer's 2016 Equity Incentive Plan (as amended from time to time) and have no expiration date. (F2) As described in the OP's partnership agreement, vested LTIP Units that have achieved capital account parity may be exchanged at any time after vesting for cash or, at the election of the Issuer, for shares of Common Stock on a one-for-one basis. LTIP Units have no expiration date.