Devin Ignatius Murphy - Dec 16, 2021 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
President
Signature
/s/ Jennifer Robison, Attorney-in-Fact
Stock symbol
PECO
Transactions as of
Dec 16, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 03:30 PM
Previous filing
Jul 19, 2021
Next filing
Apr 25, 2022

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 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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.