Form 4 for PECO Phillips Edison & Company, Inc.
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001476204-22-000041 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2022-03-03 | 2022-01-15 | PECO | Myers Robert F. | COO, EVP | J - Other | $0.00 | -0.95 | 544 | -0.2% | $0 |
| DM | 2022-03-03 | 2022-01-15 | PECO | Myers Robert F. | COO, EVP | J - Other | $0.00 | -0.59 | 0 | -100% | $0 |
| DM | 2022-03-03 | 2022-03-01 | PECO | Myers Robert F. | COO, EVP | A - Grant | $0.00 | +28.9K | 182.3K | +19% | $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 | 544.95 | $0.00 | 0 | I | — | — | |
| 2 | Common | Common Stock | 2022-01-15 | J | A | 5,485 | $0.00 | 12,697 | D By IRA | — | — | |
| 3 | Common | Class B Common Stock | 2022-01-15 | J | D | 5,485.59 | $0.00 | 0 | D By IRA | — | — | |
| 4 | Common | Common Stock | 2022-01-15 | J | A | 544 | $0.00 | 544 | I | — | — | |
| 5 | Derivative | Class B Units | 2022-03-01 | A | A | 1,384.26 | $0.00 | 1,384.26 | D | — · — to — | 1,384.26 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. (F5) At issuance, the Class B Units of limited partnership interests of PECO OP ("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, subject to any remaining time-based vesting conditions of the converted unvested Class B Units. The Class B Units have no expiration date. |
| 6 | 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. (F5) At issuance, the Class B Units of limited partnership interests of PECO OP ("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, subject to any remaining time-based vesting conditions of the converted unvested Class B Units. The Class B Units have no expiration date. (F6) Represents the grant of Class B Units in PECO OP under the Issuer's long term incentive plan. The Class B Units vest in four equal annual installments on the anniversary of the date of grant, subject to continued service. |
| 7 | Derivative | OP Units | 2022-03-01 | A | A | 16,290 | $0.00 | 182,327.61 | D | — · — to — | 16,290 Common Stock | (F4) Total vested and and unvested OP Units held are reflected in Column 9: Of the 182,327.606 OP Units held by the Reporting Person, 107,206.606 are vested and 75,121 are unvested. (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 OP Units earned based upon the Issuer's achievement of performance metrics under the 2019-2021 Performance-Based LTIP Units. Represents 8,145 vested units and 8,145 unvested units, which will vest in full on December 31, 2022. |