Paul S. Fisher - Jun 25, 2021 Form 4 Insider Report for CatchMark Timber Trust, Inc. (CTT)

Role
Director
Signature
/s/ Ying Xiao, under a Power of Attorney
Stock symbol
CTT
Transactions as of
Jun 25, 2021
Transactions value $
$0
Form type
4
Date filed
6/25/2021, 07:26 PM
Next filing
Jul 11, 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 CTT LTIP units Award $0 +5.84K $0.00 5.84K Jun 25, 2021 Common Stock, par value $0.01 5.84K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the grant of a class of limited partnership units ("LTIP units") in CatchMark Timber Operating Partnership, L.P. ("CatchMark Timber OP"), of which the issuer is the general partner and owns 99.81% of the CatchMark Timber OP common units as of March 31, 2021. The LTIP units will vest on the date of the issuer's 2022 annual meeting of stockholders. LTIP units are a class of units structured to qualify as "profits interests" for federal income tax purposes that, subject to certain conditions, including vesting, are convertible by the reporting person into CatchMark Timber OP common units. For further information about the LTIP units, refer to Note 8-Noncontrolling Interest accompanying the audited financial statements and footnotes included in the issuer's Annual Report on Form 10-K for the year ended December 31, 2020.