Form 4 for REXR Rexford Industrial Realty, Inc.
Accepted 2023-04-25 00:00:00 ET · period of report 2023-04-21 · accession 0001209191-23-025627 · 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 | 2023-04-25 | 2023-04-21 | REXR | Schwimmer Howard | Co-CEO, Co-Pres, Dir | C - Cnv Deriv | $0.00 | +35.5K | 86.4K | +70% | $0 |
| DM | 2023-04-25 | 2023-04-21 | REXR | Schwimmer Howard | Co-CEO, Co-Pres, Dir | M - OptEx | $0.00 | 0 | 148.4K | New | $0 |
| D | 2023-04-25 | 2023-04-21 | REXR | Schwimmer Howard | Co-CEO, Co-Pres, Dir | C - Cnv Deriv | $0.00 | -35.5K | 112.9K | -24% | $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, par value $0.01 | 2023-04-21 | C | A | 35,505 | $0.00 | 86,367 | D | — | — | |
| 2 | Derivative | Performance Units | 2023-04-21 | M | D | 35,505 | $0.00 | 437,219 | D | — · — to — | 35,505 Common Stock, par value $0.01 | (F3) Represents Performance Units, a class of limited partnership units in the Operating Partnership. The Performance Units were initially granted on December 29, 2016, pursuant to the Second Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan, and vested on December 28, 2019, based on meeting certain performance-based hurdles. Initially, the Performance Units do not have full parity with OP Units with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the Performance Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested Performance Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. (F4) (Continued from Footnote 3) The 35,505 Performance Units referred to herein have vested and reached such parity. |
| 3 | Derivative | Operating Partnership Units | 2023-04-21 | M | A | 35,505 | $0.00 | 148,367 | D | — · — to — | 35,505 Common Stock, par value $0.01 | (F6) Represents OP Units in the Operating Partnership. The Issuer is the general partner of the Operating Partnership. OP Units are redeemable for cash equal to the then-current market value of one share of common stock, or at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. |
| 4 | Derivative | Operating Partnership Units | 2023-04-21 | C | D | 35,505 | $0.00 | 112,862 | D | — · — to — | 35,505 Common Stock, par value $0.01 | (F6) Represents OP Units in the Operating Partnership. The Issuer is the general partner of the Operating Partnership. OP Units are redeemable for cash equal to the then-current market value of one share of common stock, or at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. (F7) The Reporting Person also owns the following derivative securities: 510,171 LTIP Units, a class of limited partnership units in the Operating Partnership and |