Daniel Busch - Aug 6, 2021 Form 4 Insider Report for InvenTrust Properties Corp. (IVT)

Signature
/s/ Christy L. David, as Attorney In Fact
Stock symbol
IVT
Transactions as of
Aug 6, 2021
Transactions value $
$0
Form type
4
Date filed
8/6/2021, 05:11 PM
Next filing
Jan 4, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IVT Restricted Stock Units Award $0 +8.42K +23.37% $0.00 44.4K Aug 6, 2021 Common Stock 8.42K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an award of Restricted Stock Units ("RSUs") in the Issuer pursuant to the InvenTrust Properties Corp. 2015 Incentive Award Plan. Thirty-three percent (33%) of these units will vest on December 31, 2021, thirty-three percent (33%) of these units will vest on December 31, 2022 and the remaining thirty-four percent (34%) of these units will vest on December 31, 2023, subject to accelerated vesting in the event of a termination of employment (i) due to death or disability or (ii) by the Issuer without cause or by the holder for good reason, each within 24 months following a change in control of the Issuer. The RSUs will be settled in shares of the Issuer's common stock within 60 days after the vesting date.
F2 On August 5, 2021, the Issuer effected a 1-for-10 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.