| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PECO | Class B Units | Options Exercise | $0 | -14,778 | -6.9% | $0.000000 | 199,943 | 31 Dec 2021 | Common Stock | 14,778 | Direct | F1, F2 | |
| transaction | PECO | Class B Units | Options Exercise | $0 | -22,953 | -11% | $0.000000 | 176,990 | 01 Jan 2022 | Common Stock | 22,953 | Direct | F1, F2 | |
| transaction | PECO | OP Units | Gift | $0 | -400,000 | -12% | $0.000000 | 2,847,141 | 15 Oct 2021 | Common Stock | 400,000 | Direct | F2, F3 | |
| transaction | PECO | OP Units | Gift | $0 | +400,000 | +2345% | $0.000000 | 417,056 | 15 Oct 2021 | Common Stock | 400,000 | By Spouse's Trust | F2, F4, F5, F6 | |
| transaction | PECO | OP Units | Gift | $0 | -182,500 | -6.4% | $0.000000 | 2,664,641 | 20 Oct 2021 | Common Stock | 182,500 | Direct | F2 | |
| transaction | PECO | OP Units | Gift | $0 | +182,500 | +9% | $0.000000 | 2,220,107 | 20 Oct 2021 | Common Stock | 182,500 | By Jeffrey Edison Family Trust | F2, F4, F5, F6 | |
| transaction | PECO | OP Units | Gift | $0 | -207,500 | -50% | $0.000000 | 209,556 | 29 Oct 2021 | Common Stock | 207,500 | By Spouse's Trust | F2, F6 | |
| transaction | PECO | OP Units | Gift | $0 | +207,500 | +78% | $0.000000 | 473,885 | 29 Oct 2021 | Common Stock | 207,500 | By Spouse's Family Trust | F2, F4, F5, F6 | |
| transaction | PECO | OP Units | Options Exercise | $0 | +14,778 | +0.55% | $0.000000 | 2,679,419 | 31 Dec 2021 | Common Stock | 14,778 | Direct | F1, F2 | |
| transaction | PECO | OP Units | Options Exercise | $0 | +22,953 | +0.86% | $0.000000 | 2,702,372 | 01 Jan 2022 | Common Stock | 22,953 | Direct | F1, F2 | |
| holding | PECO | OP Units | 391,936 | 31 Dec 2021 | Common Stock | 391,936 | By Edison Family Trust | F2, F4, F5, F6 | ||||||
| holding | PECO | OP Units | 251,692 | 31 Dec 2021 | Common Stock | 251,692 | By Old 97, Inc | F2, F4, F5, F6 | ||||||
| holding | PECO | OP Units | 300,534 | 31 Dec 2021 | Common Stock | 300,534 | By Edison Ventures Trust | F2, F4, F5, F6 | ||||||
| holding | PECO | OP Units | 1,030,857 | 31 Dec 2021 | Common Stock | 1,030,857 | By Edison Properties LLC | F2, F5, F6 | ||||||
| holding | PECO | OP Units | 55,063 | 31 Dec 2021 | Common Stock | 55,063 | By Father's Trust | F2, F6, F7 |
| Id | Content |
|---|---|
| F1 | Represents vesting of Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP"), previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting, having previously achieved full parity with OP Units, the Class B Units were converted into an equal number of OP Units. |
| F2 | OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date. |
| F3 | On July 2, 2021, the Issuer effected a one-for-three reverse split (the "Reverse Split") of all of its issued and outstanding Common Stock, OP Units and Class B Units, which resulted in the Reporting Person's direct ownership of OP Units prior to this gift being reduced from 9,741,422.068 OP Units to 3,247,140.689 OP Units. |
| F4 | Reflects a decrease in OP Units resulting from the Reverse Split. |
| F5 | OP Units previously reported as directly held by Mr. Edison. |
| F6 | Reflects total shares held by the entity, and as to which Mr. Edison has shared voting and dispositive power. Mr. Edison disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. |
| F7 | Mr. Edison acquired an indirect beneficial ownership in these securities upon his appointment as a trustee to this trust on September 30, 2021. |