0001507385-21-000239.txt : 20211101
0001507385-21-000239.hdr.sgml : 20211101
20211101181427
ACCESSION NUMBER: 0001507385-21-000239
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211101
FILED AS OF DATE: 20211101
DATE AS OF CHANGE: 20211101
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Brandon Gavin
CENTRAL INDEX KEY: 0001543793
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35263
FILM NUMBER: 211368618
MAIL ADDRESS:
STREET 1: 2325 E CAMELBACK RD
STREET 2: 9TH FLOOR
CITY: PHOENIX
STATE: AZ
ZIP: 85016
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VEREIT, Inc.
CENTRAL INDEX KEY: 0001507385
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 452482685
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2325 E. CAMELBACK ROAD
STREET 2: 9TH FLOOR
CITY: PHOENIX
STATE: AZ
ZIP: 85016
BUSINESS PHONE: 602-778-6000
MAIL ADDRESS:
STREET 1: 2325 E. CAMELBACK ROAD
STREET 2: 9TH FLOOR
CITY: PHOENIX
STATE: AZ
ZIP: 85016
FORMER COMPANY:
FORMER CONFORMED NAME: American Realty Capital Properties, Inc.
DATE OF NAME CHANGE: 20101208
4
1
wf-form4_163580485220106.xml
FORM 4
X0306
4
2021-11-01
1
0001507385
VEREIT, Inc.
VER
0001543793
Brandon Gavin
C/O VEREIT, INC.
2325 E. CAMELBACK ROAD, 9TH FLOOR
PHOENIX
AZ
85016
0
1
0
0
SVP & Chief Accounting Officer
Common Stock
2021-11-01
4
A
0
980
40.80
A
19043
D
Common Stock
2021-11-01
4
A
0
667
48.20
A
19710
D
Common Stock
2021-11-01
4
A
0
1043
38.33
A
20753
D
Common Stock
2021-11-01
4
D
0
6895
0
D
13858
D
Common Stock
2021-11-01
4
D
0
6412
0
D
7446
D
Common Stock
2021-11-01
4
D
0
7446
0
D
0
D
Stock Option (right to buy)
41.3
2021-11-01
4
D
0
8108
0
D
2022-02-20
2029-02-20
Common Stock
8108.0
0
D
Stock Option (right to buy)
34.2
2021-11-01
4
D
0
7894
0
D
2021-02-21
2028-02-21
Common Stock
7894.0
0
D
Represents additional performance-based restricted stock units awarded to the Reporting Person in connection with the performance-based restricted stock units awarded on February 20, 2019 pursuant to the Issuer's Equity Plan. On November 1, 2021, the Issuer determined that the pre-established performance goals had been achieved at a level resulting in a grant of performance-based restricted stock units at 160% of the target shares.
Represents additional performance-based restricted stock units awarded to the Reporting Person in connection with the performance-based restricted stock units awarded on February 25, 2020 pursuant to the Issuer's Equity Plan. On November 1, 2021, the Issuer determined that the pre-established performance goals had been achieved at a level resulting in a grant of performance-based restricted stock units at 148.23% of the target shares.
Represents additional performance-based restricted stock units awarded to the Reporting Person in connection with the performance-based restricted stock units awarded on February 23, 2021 pursuant to the Issuer's Equity Plan. On November 1, 2021, the Issuer determined that the pre-established performance goals had been achieved at a level resulting in a grant of performance-based restricted stock units at 160% of the target shares.
Represents shares of VEREIT, Inc. ("VEREIT") common stock disposed in connection with the Agreement and Plan of Merger by and among Realty Income Corporation ("Realty Income"), Rams MD Subsidiary I, Inc., Rams Acquisition Sub II, LLC, VEREIT and VEREIT Operating Partnership, L.P., dated as of April 29, 2021 (as amended or supplemented from time to time, the "Merger Agreement"). In accordance with the Merger Agreement, upon the Effective Time (as defined in the Merger Agreement), each share of VEREIT common stock was converted into the right to receive 0.705 shares of common stock of Realty Income (the "Exchange Ratio").
As of the Effective Time, time-based restricted stock units awarded to the Reporting Person were converted into a Realty Income restricted stock unit award with respect to a number of whole shares of Realty Income common stock equal to the product obtained by multiplying the number of shares of VEREIT common stock subject to such time-based restricted stock unit award as of immediately prior to the Effective Time by the Exchange Ratio. The converted time-based restricted stock units otherwise remain subject to the same terms and conditions as applied immediately prior to the Effective Time.
As of the Effective Time, performance-based restricted stock units awarded to the Reporting Person were converted into a Realty Income restricted stock unit award with respect to a number of whole shares of Realty Income common stock equal to the product obtained by multiplying the number of shares of VEREIT common stock subject to such performance-based restricted stock unit award determined based on the actual level of achievement of the applicable performance goals as of immediately prior to the Effective Time and otherwise in accordance with the applicable award agreement by the Exchange Ratio. The converted performance-based restricted stock units otherwise remain subject to the same terms and conditions as applied immediately prior to the Effective Time.
As of the Effective Time, these options were converted into the right to acquire (i) that number of shares of Realty Income common stock equal to the product obtained by multiplying (A) the number of shares of VEREIT common stock subject to such option as of immediately prior to the Effective Time by (B) the Exchange Ratio, (ii) at an exercise price per share of Realty Income Common Stock equal to the quotient obtained by dividing (A) the exercise price per share of VEREIT common stock of such option by (B) the Exchange Ratio.
/s/ Justin A. Shuler, by power of attorney
2021-11-01