0001209191-23-018650.txt : 20230314 0001209191-23-018650.hdr.sgml : 20230314 20230314190559 ACCESSION NUMBER: 0001209191-23-018650 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230313 FILED AS OF DATE: 20230314 DATE AS OF CHANGE: 20230314 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lanzer David E. CENTRAL INDEX KEY: 0001670779 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36008 FILM NUMBER: 23732686 MAIL ADDRESS: STREET 1: 11620 WILSHIRE BLVD STREET 2: SUITE 1000 CITY: LOS ANGELES STATE: CA ZIP: 90025 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Rexford Industrial Realty, Inc. CENTRAL INDEX KEY: 0001571283 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 462024407 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 1000 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 310-966-1680 MAIL ADDRESS: STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 1000 CITY: LOS ANGELES STATE: CA ZIP: 90025 FORMER COMPANY: FORMER CONFORMED NAME: Rexford Industrial, Inc. DATE OF NAME CHANGE: 20130305 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2023-03-13 0 0001571283 Rexford Industrial Realty, Inc. REXR 0001670779 Lanzer David E. 11620 WILSHIRE BLVD SUITE 1000 LOS ANGELES CA 90025 0 1 0 0 General Counsel & Secretary Common Stock, par value $0.01 2023-03-13 4 C 0 16778 0.00 A 16778 D Common Stock, par value $0.01 2023-03-14 4 S 0 16778 58.1649 D 0 D LTIP Units 2023-03-13 4 M 0 16778 0.00 D Common Stock, par value $0.01 16778 26098 D Operating Partnership Units 2023-03-13 4 M 0 16778 0.00 A Common Stock, par value $0.01 16778 16778 D Operating Partnership Units 2023-03-13 4 C 0 16778 0.00 D Common Stock, par value $0.01 16778 0 D Performance Units Common Stock, par value $0.01 30904 30904 D Represents common units of limited partnership interest ("OP Units") of Rexford Industrial Realty, L.P. (the "Operating Partnership") tendered by the Reporting Person for redemption and exchange into common stock of the Issuer in accordance with the Operating Partnership's partnership agreement. This transaction was executed in multiple trades at prices ranging from $58.00 to $58.35. The price reported above reflects the weighted average sale price. Full information regarding the number of shares sold at each price shall be provided upon request to the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. Represents LTIP Units, a class of limited partnership units in the Operating Partnership, issued as long term incentive compensation subject to time-based vesting pursuant to the Second Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan. Initially, the LTIP Units do not have full parity with OP Units with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. The 16,788 LTIP Units referred to herein have vested and reached such parity. Reflects the conversion of 16,778 vested LTIP Units into 16,778 OP Units. n/a Represents OP Units in the Operating Partnership. The Issuer is the general partner of the Operating Partnership. OP Units are redeemable for cash equal to the then-current market value of one share of common stock, or at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. Performance Units are a class of limited partnership units in Operating Partnership. Initially, the Performance Units do not have full parity with OP Units with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the Performance Units can over time achieve full parity with the OP Units for all purposes. If such parity is reached, vested Performance Units may be converted into an equal number of OP Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership. OP Units are redeemable by the holder for an equivalent number of shares of the Issuer's common stock or for the cash value of such shares, at the Issuer's election. /s/ David E. Lanzer 2023-03-14