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EQUITY RESIDENTIAL — Director's Dealing 2011
Sep 27, 2011
30212_dirs_2011-09-27_6f5602df-c7d8-4045-957b-69368d72b66b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: EQUITY RESIDENTIAL (EQR)
CIK: 0000906107
Period of Report: 2011-09-23
Reporting Person: NEITHERCUT DAVID J (Director, President & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-09-23 | LTIP Units | $0 | A | 61170 | Acquired | 2021-09-23 | Operating Partnership Units (61170) | Direct |
| 2011-09-23 | Non-qualified Stock Option (Right to Buy) | $53.13 | A | 435078 | Acquired | 2021-09-23 | Common Shares Of Beneficial Interest (435078) | Direct |
Footnotes
F1: On September 23, 2011, the reporting person received a retention award of restricted limited partnership interests ("LTIP Units") in ERP Operating Limited Partnership (the "Operating Partnership"), the operating partnership of Equity Residential (the "Company"). The LTIP Units are a class of units of the Operating Partnership that, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, are convertible by the holder into an equivalent number of OP Units of the Operating Partnership, which, subject to vesting, are redeemable by the holder for common shares of the Company on a one-for-one basis or the cash value of such shares, at the Company's option.
F2: The LTIP Units are scheduled to vest on February 1, 2016, provided the reporting person does not voluntarily leave the Company prior to that date, or earlier upon his death, disability, or change in control of the Company. In the event of the termination of the reporting person's employment by the Company (other than for cause), the award would vest pro-rata.
F3: On September 23, 2011, the reporting person received a retention award of share options scheduled to vest in full on February 1, 2016, provided the reporting person does not voluntarily leave the Company prior to that date, or earlier upon his death, disability, or change in control of the Company. In the event of the termination of the reporting person's employment by the Company (other than for cause), the award would vest pro-rata.