Jeffrey Edison - 08 Aug 2024 Form 4 Insider Report for Phillips Edison & Company, Inc. (PECO)

Role
Chairman and CEO, Director
Signature
/s/ Jennifer Robison, Attorney-in-Fact
Issuer symbol
PECO
Transactions as of
08 Aug 2024
Net transactions value
$0
Form type
4
Filing time
09 Aug 2024, 16:10:10 UTC
Previous filing
17 Jul 2024
Next filing
03 Jan 2025
SEC
View on sec.gov

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 Other -2,128,500 -50% 2,150,000 08 Aug 2024 Common Stock 2,128,500 By Sprinkles Trust LLC F1, F2, F3
transaction PECO OP Units Other +2,128,500 +9900% 2,150,000 08 Aug 2024 Common Stock 2,128,500 By Sprinkles Trust LLC F1, F2, F3
holding PECO OP Units 1,277,014 08 Aug 2024 Common Stock 1,277,014 Direct F1
holding PECO OP Units 2,424,406 08 Aug 2024 Common Stock 2,424,406 By Jeffrey Edison Family Trust F1, F3
holding PECO OP Units 1,134,215 08 Aug 2024 Common Stock 1,134,215 By Edison Properties LLC F1, F3
holding PECO OP Units 479,093 08 Aug 2024 Common Stock 479,093 By Spouse's Family Trust F1, F3
holding PECO OP Units 431,233 08 Aug 2024 Common Stock 431,233 By Edison Family Trust F1, F3
holding PECO OP Units 330,667 08 Aug 2024 Common Stock 330,667 By Edison Ventures Trust F1, F3
holding PECO OP Units 276,927 08 Aug 2024 Common Stock 276,927 By Old 97, Inc F1, F3
holding PECO OP Units 211,266 08 Aug 2024 Common Stock 211,266 By Spouse's Trust F1, F3
holding PECO OP Units 60,583 08 Aug 2024 Common Stock 60,583 By Father's Trust F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 and are not subject to vesting.
F2 Reflects the transfer by Mr. Edison of the non-voting units in Sprinkles Trust LLC, representing 2,128,500 shares held by Sprinkles LLC, to the Jeffrey Edison Family Trust, in exchange for a promissory note of equal value to the transferred non-voting units, for estate planning purposes. Sprinkles Trust LLC continues to own the shares and Mr. Edison continues to control Sprinkles Trust LLC.
F3 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.