Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | OHI | Profits Interest Units | Award | $0 | +13.5K | +129.77% | $0.00 | 23.9K | Jun 3, 2022 | OP Units | 13.5K | Direct | F1, F2, F3, F4, F5 |
Id | Content |
---|---|
F1 | Represents Profits Interest Units ("PIUs") in OHI Healthcare Properties Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner. Each PIU represents a contingent right to receive one unit of limited partnership interest (an "OP Unit") in the Operating Partnership upon vesting and the satisfaction of certain tax-driven economic requirements. |
F2 | Each OP Unit is redeemable at the election of the holder for cash equal to the then fair market value of one share of Issuer common stock, or at the Issuer's election, one share of Issuer common stock, subject to adjustment as set forth in the partnership agreement. The OP Units have no expiration date. |
F3 | Represents the annual grant of stock the reporting person elected to receive as Profits Interest Units. |
F4 | 100% of the reporting persons Profits Interest Units granted on June 3, 2022 will vest on the date of the Issuer's 2023 Annual Meeting of shareholders, subject to continued Board service. |
F5 | Includes 10,401 vested Profits Interest Units which can be converted to OP units if certain tax-related conditions are met. |