0001510192-19-000028.txt : 20190304
0001510192-19-000028.hdr.sgml : 20190304
20190304214744
ACCESSION NUMBER: 0001510192-19-000028
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190228
FILED AS OF DATE: 20190304
DATE AS OF CHANGE: 20190304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MATROS RICHARD K
CENTRAL INDEX KEY: 0001184158
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34950
FILM NUMBER: 19656480
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sabra Health Care REIT, Inc.
CENTRAL INDEX KEY: 0001492298
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 272560479
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 18500 VON KARMAN
STREET 2: SUITE 550
CITY: IRVINE
STATE: CA
ZIP: 92612
BUSINESS PHONE: 888-393-8248
MAIL ADDRESS:
STREET 1: 18500 VON KARMAN
STREET 2: SUITE 550
CITY: IRVINE
STATE: CA
ZIP: 92612
4
1
wf-form4_155175404953436.xml
FORM 4
X0306
4
2019-02-28
0
0001492298
Sabra Health Care REIT, Inc.
SBRA
0001184158
MATROS RICHARD K
C/O SABRA HEALTH CARE REIT, INC.
18500 VON KARMAN AVENUE, SUITE 550
IRVINE
CA
92612
1
1
0
0
Chairman, CEO and President
Common Stock
2019-02-28
4
A
0
5249
0
A
216645
D
Common Stock
2019-02-28
4
A
0
31669
0
A
248314
D
Common Stock
2019-02-28
4
A
0
60954
0
A
309268
D
Common Stock
2019-02-28
4
F
0
25164
18.12
D
284104
D
Common Stock
2019-02-28
4
G
0
35790
0
D
248314
D
Common Stock
2019-02-28
4
G
0
35790
0
A
1072989
I
By R&A Matros Revocable Trust
Represents stock units credited to the reporting person in the form of dividend equivalent payments on stock units previously granted to the reporting person that are outstanding under the Issuer's 2009 Performance Incentive Plan, calculated based on the market value of the Issuer's common stock on the dividend payment date. These units will vest and become payable on the same terms as the original stock units to which they relate.
Represents the vesting of stock units granted under the Issuer's 2009 Performance Incentive Plan subject to a funds from operations-based stock unit ("FFO units") award granted on December 31, 2015, including 7,422 shares with respect to dividend equivalent payments calculated based on the market value of the Issuer's Common Stock on the applicable dividend date. The Compensation Committee determined on February 28, 2019 that the number of FFO units earned was 60.0% of the target. Upon this determination, the FFO units vested immediately. Each FFO unit represented a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's achievement of a funds from operations target for a performance period beginning January 1, 2018 and ending December 31, 2018. The vested units will be paid on a one-for-one basis in shares of the Issuer's Common Stock no earlier than January 10, 2020, subject to earlier payment in the event of death, disability or change of control.
Represents shares of the Issuer's Common Stock issued under the Issuer's 2009 Performance Incentive Plan subject to an annual bonus performance stock unit ("PSU") award granted on June 21, 2018, including 6,582 shares with respect to dividend equivalent payments calculated based on the market value of the Issuer's Common Stock on the applicable dividend date. The Compensation Committee determined on February 28, 2019 that the number of PSUs earned was 95.9% of the target. Upon this determination, the PSUs vested and were paid out immediately. Each PSU represented a contingent right to receive one share of the Issuer's Common Stock, based on the Issuer's achievement of an adjusted normalized funds from operations per share target for a performance period beginning January 1, 2018 and ending December 31, 2018.
Represents shares withheld by the Issuer in accordance with Rule 16b-3 to satisfy tax withholding obligations in connection with the vesting of the PSUs, as reported herein.
Represents shares of the Issuer's Common Stock acquired in connection with the vesting of the PSUs that have been transferred by the reporting person to the R&A Matros Revocable Trust.
Consists of stock units that, upon settlement, will be paid on a one-for-one basis in shares of the Issuer's Common Stock.
/s/ Harold W. Andrews, Jr., as Attorney-in-Fact
2019-03-04