Phillips Edison & Company, Inc. — Director's Dealing 2021

Mar 13, 2021

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: Myers Robert F. (Chief Operating Officer & SVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-10	Common Stock	A	0	$8.75	Acquired	42415.615	Direct

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
2021-03-10	Class B Units	$	A	41143	Acquired		Common Stock (41143)	Direct

Footnotes

F1: Includes 58.393 shares acquired under the Issuer's dividend reinvestment plan.

F2: OP Units (defined below) earned upon the achievement of performance hurdles pursuant to the 2018 performance based plan.

F3: 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.

F4: Distributions reinvested in Class B Units (defined below) and earned pursuant to the 2018 performance based plan.

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.

F6: Class B Units issued pursuant to the 2018 performance based plan are time-based awards and will vest on January 1, 2022, subject to continued employment.

F7: The Class B Units are time-based awards and vest in four equal annual installments: 25% on January 1, 2022, 25% on January 1, 2023, 25% on January 1, 2024, and 25% on January 1, 2025, subject to continued employment.