0001476204-22-000018.txt : 20220113
0001476204-22-000018.hdr.sgml : 20220113
20220113164755
ACCESSION NUMBER: 0001476204-22-000018
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220111
FILED AS OF DATE: 20220113
DATE AS OF CHANGE: 20220113
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Myers Robert F.
CENTRAL INDEX KEY: 0001721152
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40594
FILM NUMBER: 22529556
MAIL ADDRESS:
STREET 1: C/O PHILLIPS EDISON & COMPANY
STREET 2: 11501 NORTHLAKE DRIVE
CITY: CINCINNATI
STATE: OH
ZIP: 45249
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Phillips Edison & Company, Inc.
CENTRAL INDEX KEY: 0001476204
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 271106076
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11501 NORTHLAKE DRIVE
CITY: CINCINNATI
STATE: OH
ZIP: 45249
BUSINESS PHONE: 513-554-1110
MAIL ADDRESS:
STREET 1: 11501 NORTHLAKE DRIVE
CITY: CINCINNATI
STATE: OH
ZIP: 45249
FORMER COMPANY:
FORMER CONFORMED NAME: PHILLIPS EDISON GROCERY CENTER REIT I, INC.
DATE OF NAME CHANGE: 20141205
FORMER COMPANY:
FORMER CONFORMED NAME: Phillips Edison Grocery Center REIT I, Inc.
DATE OF NAME CHANGE: 20141205
FORMER COMPANY:
FORMER CONFORMED NAME: Phillips Edison - ARC Shopping Center REIT Inc.
DATE OF NAME CHANGE: 20091105
4
1
wf-form4_164211046076732.xml
FORM 4
X0306
4
2022-01-11
0
0001476204
Phillips Edison & Company, Inc.
PECO
0001721152
Myers Robert F.
11501 NORTHLAKE DRIVE
CINCINNATI
OH
45249
0
1
0
0
Chief Operating Officer & SVP
Class B Units
2022-01-11
4
M
0
1727.76
0
D
Common Stock
1727.76
80305
D
Class B Units
2022-01-11
4
M
0
13201
0
D
Common Stock
13201.0
67104
D
Class B Units
2022-01-11
4
M
0
13714
0
D
Common Stock
13714.0
53390
D
Class B Units
2022-01-11
4
M
0
53390
0
D
Common Stock
53390.0
0
D
OP Units
2022-01-11
4
M
0
1727.76
0
A
Common Stock
1727.76
67684.381
D
OP Units
2022-01-11
4
M
0
13201
0
A
Common Stock
13201.0
80885.381
D
OP Units
2022-01-11
4
M
0
13714
0
A
Common Stock
13714.0
94599.381
D
OP Units
2022-01-11
4
M
0
53390
0
A
Common Stock
53390.0
147989.381
D
OP Units
2022-01-11
4
J
0
18048.225
0
A
Common Stock
18048.225
166037.606
D
Represents conversion of 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 OP"), previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs, into limited partnership interest in PECO OP ("OP Units"). At issuance, the Class B Units were subject to vesting, and did not have full parity with the OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO OP's partnership agreement, including the common stock price performance, the Class B Units achieved full parity with the OP Units, and converted to OP Units on a one-for-one basis, still subject to any vesting requirements.
OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date. OP Units issued upon conversion of unvested Class B Units are still subject to the same vesting schedule as the originally granted unvested Class B Units.
9,901 vested units and 3,300 unvested units, which will vest in full on January 1, 2023.
3,428 vested units and 10,286 unvested units, which will vest in increments of 3,428 units on January 1, 2023, January 1, 2024 and January 1, 2025.
53,390 unvested units, which will vest 50% on January 15, 2023 and the remaining 50% on July 15, 2024.
Reflects OP Units acquired by the Reporting Person in a pro- rata distribution in accordance with respective partnership interests in Phillips Edison Limited Partnership, for no consideration, exempted under Rule 16a-9.
Total vested and unvested OP Units held are reflected in Column 9. Of the 166,037.606 OP Units held by the Reporting Person, 99,061.606 are vested and 66,976 are unvested.
/s/ Jennifer Robison, Attorney-in-Fact
2022-01-13