Key facts
- This page summarizes Devin Ignatius Murphy's Form 4 filing for Phillips Edison & Company, Inc. (PECO).
- 2 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 05 Aug 2022, 16:18.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Options Exercise
Options Exercise
No transaction description listed
Additional SEC filing notes
Footnote F1
Limited partnership interests ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO OP") 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-for-one basis, and have no expiration date.
Footnote F2
Represents the conversion of vested Class B Units of limited partnership interests ("Class B Units") in PECO OP previously issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs, into OP Units in PECO OP. At issuance, the Class B Units did not have full parity with the OP Units, but upon achieving parity with the OP Units under the PECO OP's partnership agreement, based upon capital account balance per unit, and upon satisfaction of applicable vesting conditions, the Class B Units convert to OP Units on a one-for-one basis. The Class B Units have no expiration date.