0001179110-21-001351.txt : 20210205
0001179110-21-001351.hdr.sgml : 20210205
20210205172804
ACCESSION NUMBER: 0001179110-21-001351
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210204
FILED AS OF DATE: 20210205
DATE AS OF CHANGE: 20210205
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LEVINE ANDREW S
CENTRAL INDEX KEY: 0001216195
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13199
FILM NUMBER: 21597454
MAIL ADDRESS:
STREET 1: C/O SL GREEN REALTY CORP
STREET 2: 420 LEXINGTON SUITE 1900
CITY: NEW YORK
STATE: NY
ZIP: 10170
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SL GREEN REALTY CORP
CENTRAL INDEX KEY: 0001040971
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 133956775
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 420 LEXINGTON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10170
BUSINESS PHONE: 2125942700
MAIL ADDRESS:
STREET 1: 420 LEXINGTON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10170
4
1
edgar.xml
FORM 4 -
X0306
4
2021-02-04
0
0001040971
SL GREEN REALTY CORP
SLG
0001216195
LEVINE ANDREW S
C/O SL GREEN REALTY CORP.
420 LEXINGTON AVENUE
NEW YORK
NY
10170
0
1
0
0
Chief Legal Officer & GC
LTIP Units
2021-02-04
4
A
0
3952
0
A
Common Stock
3952
187135
D
Represents LTIP Units originally issued in January 2020 that were subject to performance-based vesting hurdles based on achievement of operational performance metrics for the year ended December 31, 2020, and which remain subject to additional performance-based vesting hurdles based on the Issuer's total shareholder return for the period from January 1, 2020 through December 31, 2022 (the "TSR Performance Period"). On February 4, 2021, the compensation committee of the Issuer determined the level of achievement of the operational performance-based vesting hurdles for these LTIP Units, resulting in 3,513 LTIP Units initially being earned, which amount will be adjusted upwards or downwards by up to 12.5% at the conclusion of the TSR Performance Period based on the Issuer's total shareholder return. The number of LTIP Units reported represents the maximum number of LTIP Units that may be earned based on the Issuer's total shareholder return during the TSR Performance Period.
Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The redemption right generally cannot be exercised until two years from the date of the grant. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.
Earned LTIP Units will vest in equal installments on each of December 31, 2022 and December 31, 2023, subject to continued employment. Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional one-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) one year after the vesting date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.
/s/ Andrew S. Levine
2021-02-05