0001179110-22-001636.txt : 20220224 0001179110-22-001636.hdr.sgml : 20220224 20220224181654 ACCESSION NUMBER: 0001179110-22-001636 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220222 FILED AS OF DATE: 20220224 DATE AS OF CHANGE: 20220224 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Butcher Benjamin S CENTRAL INDEX KEY: 0001517406 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34907 FILM NUMBER: 22673430 MAIL ADDRESS: STREET 1: ONE FEDERAL STREET STREET 2: 23RD FLOOR CITY: BOSTON STATE: MA ZIP: 02110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: STAG Industrial, Inc. CENTRAL INDEX KEY: 0001479094 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 273099608 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE FEDERAL STREET STREET 2: 23RD FLOOR CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: (617)574-4777 MAIL ADDRESS: STREET 1: ONE FEDERAL STREET STREET 2: 23RD FLOOR CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: STAG Industrial REIT, Inc. DATE OF NAME CHANGE: 20091218 4 1 edgar.xml FORM 4 - X0306 4 2022-02-22 0 0001479094 STAG Industrial, Inc. STAG 0001517406 Butcher Benjamin S C/O STAG INDUSTRIAL, INC. ONE FEDERAL STREET, 23RD FLOOR BOSTON MA 02110 1 1 0 0 Chairman and CEO Common Stock 2022-02-22 4 C 0 65000 A 102088 D Common Stock 2022-02-22 4 S 0 20000 38.7024 D 82088 D Common Stock 2022-02-23 4 S 0 20000 38.6682 D 62088 D LTIP Units 2022-02-22 4 C 0 65000 D Common Stock, par value $0.01 per share 65000 814227 D Partnership Units 2022-02-22 4 C 0 65000 A Common Stock, par value $0.01 per share 65000 74320 D Partnership Units 2022-02-22 4 C 0 65000 D Common Stock, par value $0.01 per share 65000 9320 D The reporting person converted 65,000 long-term incentive plan units ("LTIP Units") of STAG Industrial Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), of which STAG Industrial, Inc., a Maryland corporation (the "Issuer"), is the sole member of the general partner, into 65,000 common units of limited partnership of the Operating Partnership ("OP Units") and redeemed 65,000 OP Units. The LTIP Units are convertible into OP Units as they are non-forfeitable and certain conditions to parity have been satisfied. The OP Units held by the reporting person are redeemable for cash equal to the current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The Issuer elected to redeem the reporting person's OP Units with common stock. This represents the weighted average sales price. Sales prices range from $38.40 to $39.05. Upon request by the Securities and Exchange Commission (the "SEC"), the Issuer or a stockholder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. This represents the weighted average sales price. Sales prices range from $38.19 to $39.10. Upon request by the SEC, the Issuer or a stockholder of the Issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. Represents LTIP Units granted to the reporting person pursuant to the Issuer's 2011 Equity Incentive Plan, as amended. Over time, the LTIP Units can achieve full parity with OP Units for all purposes. If such parity is reached, non-forfeitable LTIP Units may be converted into OP Units and then may be redeemed for cash equal to the then-current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. LTIP Units do not have an expiration date. Represents OP Units in the Operating Partnership. OP Units may be redeemed for cash equal to the then-current market value of one share of the Issuer's common stock or, at the Issuer's election, for shares of the Issuer's common stock on a one-for-one basis. The OP Units are vested as of the date of issuance and have no expiration date. The amount reflects a decrease of 5,000 LTIP Units from the reporting person's previous ending balance to correct an administrative error. /s/ Jeffrey M. Sullivan, Attorney-in-Fact 2022-02-24