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 | +8.3K | +129.75% | $0.00 | 14.7K | Jun 3, 2022 | OP Units | 8.3K | Direct | F1, F2, F3, F4, F5 |
Id | Content |
---|---|
F1 | Represents Profits Interest Units ("Profits Units") in OHI Healthcare Properties Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner. Each Profits Unit can be converted into one unit of limited partnership interest (an "OP Unit") in the Operating Partnership following 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's common stock, subject to adjustment as set forth in the partnership agreement. OP Units do not expire. |
F3 | Represents the annual grant of stock the reporting person elected to receive as Profits Interest Units. |
F4 | 100% of the reporting person's Profits Interest Units granted on June 3, 2022 will vest on the date of the Company's 2023 Annual Meeting of Shareholders, subject to continued service. |
F5 | Includes 6,400 vested Profits Interest Units which can be converted to OP units if certain tax-related conditions are met. |