Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PECO | OP Units | Gift | $0 | -30K | -15.79% | $0.00 | 160K | Dec 16, 2021 | Common Stock | 30K | Direct | F1, F2, F3 | |
transaction | PECO | OP Units | Gift | $0 | +30K | +12.14% | $0.00 | 277K | Dec 16, 2021 | Common Stock | 30K | By DJM Investments LLC | F1, F3, F4 |
Id | Content |
---|---|
F1 | 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. |
F2 | 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 conversion being reduced from 569,831.289 OP Units to 189,943.763 OP Units. |
F3 | Reflects corrected holdings, as the Form 4 filed for April 29, 2021 incorrectly understated direct holdings, and overstated indirect holdings, by 8,000 shares. |
F4 | Reflects a decrease in OP Units resulting from the Reverse Split. |