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Phillips Edison & Company, Inc. — Director's Dealing 2021
Mar 13, 2021
31059_dirs_2021-03-12_d89ebf93-005c-48a9-a910-d4c206e390c6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Phillips Edison & Company, Inc. (NONE)
CIK: 0001476204
Period of Report: 2021-03-10
Reporting Person: Murphy Devin Ignatius (President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-10 | OP Units | $ | A | 19892 | Acquired | Common Stock (19892) | Direct | |
| 2021-03-10 | Class B Units | $ | A | 5183.28 | Acquired | Common Stock (5183.28) | Direct | |
| 2021-03-10 | Class B Units | $ | A | 19892 | Acquired | Common Stock (19892) | Direct |
Footnotes
F1: OP Units (defined below) earned upon the achievement of performance hurdles pursuant to the 2018 performance based plan.
F2: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.
F3: Distributions reinvested in Class B Units (defined below) and earned pursuant to the 2018 performance based plan.
F4: Class B Units issued pursuant to the 2018 performance based plan are time-based awards and will vest January 1, 2022, subject to continued employment.
F5: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units will not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.