Louis T. Fox - Dec 31, 2022 Form 5 Insider Report for SILVER STAR PROPERTIES REIT, INC (N/A)

Role
Chief Financial Officer
Signature
/s/ Louis T. Fox III
Stock symbol
N/A
Transactions as of
Dec 31, 2022
Transactions value $
$600,000
Form type
5
Date filed
11/15/2023, 04:50 PM
Next filing
Nov 15, 2023

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 N/A Phantom Equity Units Award $600K +53.3K $11.26 53.3K Apr 27, 2021 Common Stock 53.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The phantom equity award is issued under the Retention Plan and vests six years after the date of grant. Each phantom equity award is the economic equivalent of one share of the company's common stock. The recipient will receive distributions in the same amount as common shares during their tenure with the Company.
F2 To be settled in accordance with the terms and conditions of the Retention Plan, if vested, either in equivalent shares of the Company's common stock or in the cash equivalent thereof.