0001209191-23-025627.txt : 20230425
0001209191-23-025627.hdr.sgml : 20230425
20230425212926
ACCESSION NUMBER: 0001209191-23-025627
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230421
FILED AS OF DATE: 20230425
DATE AS OF CHANGE: 20230425
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Schwimmer Howard
CENTRAL INDEX KEY: 0001581296
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36008
FILM NUMBER: 23846587
MAIL ADDRESS:
STREET 1: 11620 WILSHIRE BOULEVARD, SUITE 300
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
X0407
4
2023-04-21
0
0001571283
Rexford Industrial Realty, Inc.
REXR
0001581296
Schwimmer Howard
11620 WILSHIRE BOULEVARD
SUITE 1000
LOS ANGELES
CA
90025
1
1
0
0
Co-CEO, Co-President
0
Common Stock, par value $0.01
2023-04-21
4
C
0
35505
0.00
A
86367
D
Common Stock, par value $0.01
13575
I
See Footnote
Performance Units
2023-04-21
4
M
0
35505
0.00
D
Common Stock, par value $0.01
35505
437219
D
Operating Partnership Units
2023-04-21
4
M
0
35505
0.00
A
Common Stock, par value $0.01
35505
148367
D
Operating Partnership Units
2023-04-21
4
C
0
35505
0.00
D
Common Stock, par value $0.01
35505
112862
D
Operating Partnership Units
Common Stock, par value $0.01
7275
7275
I
See Footnote
Operating Partnership Units
Common Stock, par value $0.01
42002
42002
I
See Footnote
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 terms of the Limited Partnership Agreement of the Operating Partnership.
Represents shares of common stock held by the Schwimmer Family Irrevocable Trust (the "Family Trust"), for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such common stock, except to the extent of his pecuniary interest therein.
Represents Performance Units, a class of limited partnership units in the Operating Partnership. The Performance Units were initially granted on December 29, 2016, pursuant to the Second Amended and Restated Rexford Industrial Realty, Inc. and Rexford Industrial Realty, L.P. 2013 Incentive Award Plan, and vested on December 28, 2019, based on meeting certain performance-based hurdles. 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.
(Continued from Footnote 3) The 35,505 Performance Units referred to herein have vested and reached such parity.
Reflects the conversion of 35,505 vested Performance Units into 35,505 OP Units in accordance with the Operating Partnership's partnership agreement.
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.
The Reporting Person also owns the following derivative securities: 510,171 LTIP Units, a class of limited partnership units in the Operating Partnership and
Represents OP Units held by the Schwimmer Living Trust dated December 14, 2001, for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such OP Units, except to the extent of his pecuniary interest therein.
Represents OP Units held by the Family Trust, for which the Reporting Person is a trustee. The Reporting Person disclaims beneficial ownership of such OP Units, except to the extent of his pecuniary interest therein.
/s/ Howard Schwimmer
2023-04-25