Form 4 for PECO Phillips Edison & Company, Inc.
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001476204-22-000038 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-03 | 2022-01-15 | PECO | Murphy Devin Ignatius | Pres | J - Other | $0.00 | -0.82 | 13.6K | -0.0% | $0 |
| D | 2022-03-03 | 2022-03-01 | PECO | Murphy Devin Ignatius | Pres | A - Grant | $0.00 | +11.2K | 11.2K | 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 | Class B Common Stock | 2022-01-15 | J | D | 13,575.82 | $0.00 | 0 | D | — | — | |
| 2 | Common | Common Stock | 2022-01-15 | J | A | 13,575 | $0.00 | 13,575 | D | — | — | |
| 3 | Derivative | Class B Units | 2022-03-01 | A | A | 11,243 | $0.00 | 11,243 | D | — · — to — | 11,243 Common Stock | (F2) Limited partnership interests ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP") are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Common Stock or, at the option of PECO OP, shares of the Issuer's Common Stock on a one-for-one basis, and have no expiration date. OP Units issued upon conversion of unvested Class B Units are still subject to the same vesting schedule as the originally granted unvested Class B Units. (F3) Represents the grant of fully vested Class B Units of limited partnership interests ("Class B Units") in PECO OP under the Issuer's long term incentive plan. At issuance, the Class B Units do not have full parity with the OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO OP's partnership agreement, including the Common Stock price performance, could over time achieve full parity with the OP Units for all purposes. Upon achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units. The Class B Units have no expiration date. |