0001144204-14-001746.txt : 20140110 0001144204-14-001746.hdr.sgml : 20140110 20140110185656 ACCESSION NUMBER: 0001144204-14-001746 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140108 FILED AS OF DATE: 20140110 DATE AS OF CHANGE: 20140110 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: American Realty Capital Properties, Inc. CENTRAL INDEX KEY: 0001507385 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-415-6500 MAIL ADDRESS: STREET 1: 405 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KAY DAVID S CENTRAL INDEX KEY: 0001212925 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35263 FILM NUMBER: 14522911 MAIL ADDRESS: STREET 1: 8270 GREENSBORO DR STE 950 CITY: MCLEAN STATE: VA ZIP: 22102 4 1 v365185_form4.xml OWNERSHIP DOCUMENT X0306 4 2014-01-08 0 0001507385 American Realty Capital Properties, Inc. ARCP 0001212925 KAY DAVID S 405 PARK AVENUE NEW YORK NY 10022 0 1 0 0 President LTIPs 0 2014-01-08 4 J 0 877118 A Common Stock 877118 877118 D American Realty Capital Properties, Inc. ("ARCP") entered into a Multi-Year Outperformance Agreement with the reporting person. Under the plan, the reporting person will be eligible to earn performance-based bonus awards in the form of LTIP Units equal to his participation percentage of a pool that will be funded up to a maximum award opportunity. Subject to the reporting person's continued service through each vesting date, LTIP Units will vest 1/3 on each of January 8, 2017, January 8, 2018 and January 8, 2019. Operating Partnership Units ("OP Units") are exchangeable for cash or, at the option of ARCP's operating partnership, shares of ARCP's common stock on a one-to-one basis. OP Units are exchangeable, except under certain limited circumstances, beginning one year from the date of issuance, which includes the holding period of any units that were converted into OP Units (e.g., LTIP Units) and have no expiration date. /s/ David S. Kay 2014-01-10